[Federal Register Volume 60, Number 12 (Thursday, January 19, 1995)]
[Notices]
[Page 3880]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1512]
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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32568]
RailTex, Inc.--Continuance in Control Exemption--Central Oregon &
Pacific Railroad, Inc.
RailTex, Inc. (RailTex), a noncarrier, has filed a verified notice
under 49 CFR 1180.2(d)(2) to continue to control Central Oregon &
Pacific Railroad, Inc. (CORP), upon the latter's becoming a class III
carrier.
CORP has concurrently filed a verified notice of exemption in
Central Oregon & Pacific Railroad, Inc.--Lease, Operation, and
Acquisition Exemption--Southern Pacific Transportation Company, Finance
Docket No. 32567, for CORP's lease, acquisition, and operation of
446.05 miles of rail line owned by Southern Pacific Transportation
Company, between specified points in Coos, Douglas, Jackson, Josephine,
and Lane Counties, OR and Siskiyou County, CA. The proposed transaction
was expected to be consummated on December 31, 1994.
RailTex currently controls 14 class III railroads: New England
Central Railroad; Chesapeake & Albemarle Railroad Company, Inc.;
Indiana Southern Railroad, Inc.; North Carolina & Virginia Railroad
Company, Inc.; Mid- Michigan Railroad, Inc.; Missouri & Northern
Arkansas Railroad Company, Inc.; Austin & Northwestern Railroad
Company, Inc.; South Carolina Central Railroad Company, Inc.; Dallas,
Garland & Northeastern Railroad, Inc.; San Diego & Imperial Valley
Railroad Company, Inc.; New Orleans Lower Coast Railroad Company, Inc.;
Michigan Shore Railroad Company, Inc.; Salt Lake City Southern Railroad
Company, Inc.; and Grand Rapids Eastern Railroad, Inc. RailTex also
controls two Canadian rail carriers.
This continuance in control transaction is exempt from the prior
approval requirements of 49 U.S.C. 11343 under 49 CFR 1180.2(d)(2)
because: (1) CORP does not connect with any other railroad in the
corporate family; (2) the continuance in control is not a part of a
series of anticipated transactions that would connect CORP with any
other railroad in its corporate family; and (3) the transaction does
not involve a class I carrier.
As a condition to use of this exemption, any employees affected by
the transaction must be protected by the conditions set forth in New
York Dock Ry.--Control--Brooklyn Eastern Dist., 360 I.C.C. 60 (1979).
If the verified notice contains false or misleading information,
the exemption is void ab initio. 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 exemption's
effectiveness. Pleadings must be filed with the Commission and served
on: Robert L. Calhoun, Sullivan & Worcester, Suite 1000, 1025
Connecticut Ave., N.W., Washington, DC 20036.
Decided: January 13, 1995.
By the Commission, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 95-1512 Filed 1-18-95; 8:45 am]
BILLING CODE 7035-01-P
