[Federal Register Volume 59, Number 10 (Friday, January 14, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1014]
[[Page Unknown]]
[Federal Register: January 14, 1994]
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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32441]
Peter A. Gilbertson, Et al.--Continuance in Control Exemption--
Louisville & Indiana Railroad Co.
Peter A. Gilbertson, H. Terry Hearst, Bruce A. Lieberman, R.
Lawrence McCaffrey, Jr., and Harold F. Parmly, noncarrier individuals,
have filed a notice of exemption to continue in control of Louisville &
Indiana Railroad Company (LIRC) when it becomes a carrier.
LIRC concurrently filed a notice of exemption in Louisville & I. R.
Co.--Acq. and Oper. Exemp.--Consolidated Rail Corp., Finance Docket No.
32440, to acquire and operate approximately 115 miles of rail line
owned by Consolidated Rail Corporation in Indiana and Kentucky. LIRC
expects to consummate the transaction on or about March 12, 1994.
Four of the filing parties are officers or directors of the
Chicago, SouthShore & South Bend Railroad (CSS), a class III rail
carrier operating in Indiana and Illinois. All are minority
shareholders in CSS's corporate general partner, SouthShore Corporation
(a noncarrier), and three are officers and directors of that entity as
well. The parties state that: (1) The railroads will not connect with
each other or with any railroads in their corporate family; (2) the
continuance in control is not part of a series of anticipated
transactions that would connect the railroads with each other or any
railroad in their corporate family; and (3) the transaction does not
involve a class I carrier. The transaction is therefore exempt from the
prior approval requirements of 49 U.S.C. 11343. See 49 CFR
1180.2(d)(2).
As a condition to use of this exemption, any employees affected by
the transaction will be protected by the conditions set forth in New
York Dock Ry.--Control--Brooklyn Eastern Dist., 360 I.C.C. 60 (1979).
Petitions to revoke the exemption under 49 U.S.C. 10505(d) may be
filed at any time. The filing of a petition to revoke will not
automatically stay the transaction. Pleadings must be filed with the
Commission and served on: Adam M. Mycyk, Weiner, Brodsky, Sidman &
Kider, P.C., suite 800, 1350 New York Avenue, NW., Washington, DC
20005-4797.
Decided: January 7, 1994.
By the Commission, David M. Konschnik, Director, Office of
Proceedings.
Sidney L. Strickland, Jr.,
Secretary.
[FR Doc. 94-1014 Filed 1-13-94; 8:45 am]
BILLING CODE 7035-01-P
