94-1551. Rail Management and Consulting Corporation, Green Bay Packaging, Inc., K. Earl Durden, and Rail Partners, L.P.Continuance in Control ExemptionThe Bay Line Railroad, L.L.C.  

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    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 94-1551]
    
    
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    [Federal Register: January 24, 1994]
    
    
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    INTERSTATE COMMERCE COMMISSION
    [Finance Docket No. 32436]
    
     
    
    Rail Management and Consulting Corporation, Green Bay Packaging, 
    Inc., K. Earl Durden, and Rail Partners, L.P.--Continuance in Control 
    Exemption--The Bay Line Railroad, L.L.C.
    
        Green Bay Packaging, Inc. (GBP), Rail management and Consulting 
    Corporation (RMCC), Rail Partners, L.P. (Partners), and K. Earl Durden 
    (Durden) (collectively, Owners), all noncarriers, have filed a notice 
    of exemption to continue to control The Bay Line Railroad, L.L.C. (Bay 
    Line)\1\, a noncarrier, upon Bay Line's becoming a carrier. Bay Line 
    has concurrently filed a notice of exemption in Finance Docket No. 
    32435, The Bay Line Railroad, L.L.C.--Acquisition and Operation 
    Exemption--Rail Lines of Atlanta & St. Andrews Bay Railroad Company, to 
    acquire from the Atlanta & St. Andrews Bay Railroad Company (ASAB), 
    approximately 88 miles of main line trackage running from Panama City, 
    FL, to Dothan, AL, together with substantially all of the other 
    railroad operating assets of ASAB.
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        \1\Bay Line is 100% owned and controlled by Rail Partners, L.P. 
    (Partners), a Delaware limited partnership, and Panama City Beach 
    Office Park, Ltd. (Office Park), a Florida limited partnership. 
    Neither Partners nor Office Park is a carrier, and Office Park does 
    not currently control a carrier. However, Partners is jointly owned 
    and controlled by Durden, GBP, and RMCC, and with them jointly owns 
    and controls several class III rail carriers, none of which would 
    connect with Bay Line. Office Park is jointly owned and controlled 
    by Partners and RMCC.
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        Owners jointly control 10 class III rail carriers. Additionally, 
    Durden individually controls another short line, the Lakeside 
    Transportation Co. Owners indicate that: (1) Bay Line does not connect 
    with any other railroad controlled by Owners; (2) the continuance in 
    control is not a part of a series of anticipated transactions that 
    would connect Bay Line with any other railroad controlled by 
    Owners;2 and (3) the transaction does not involve a class I 
    carrier. The transaction therefore is exempt from the prior approval 
    requirements of 49 U.S.C. 11343. See 49 CFR 1180.2(d)(2).
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        \2\ Also contemporaneous with this filing, the A&G Railroad, 
    L.L.C. (A&G), another newly formed Alabama limited liability 
    company, also owned by Partners and Office Park, is filing a notice 
    of exemption in Finance Docket No. 32437, The A&G Railroad, L.L.C.--
    Acquisition and Operation Exemption--Rail Lines of Abbeville & 
    Grimes Railway Company, to acquire from Abbeville & Grimes Railway 
    Company (Abbeville) and to operate approximately 27 rail miles in 
    Alabama, between Abbeville and Grimes, together with incidental 
    trackage rights over 7 miles of CSX Transportation, Inc. (CSXT) 
    lines between Grimes and Dothan, AL, and substantially all of the 
    other railroad operating assets of Abbeville. Bay Line states that 
    because, as a carrier, it will connect with A&G by means of 
    incidental trackage rights over CSXT, between Grimes and Dothan, the 
    ownership of A&G will be placed in an independent voting trust prior 
    to closing to prevent Durden, RMCC, GBP, Partners, and Office Park 
    from retaining direct control over A&G once A&G becomes a carrier. 
    Bay Line indicates that after the closing, a separate petition for 
    exemption, or other pleading, will be filed with the Commission, 
    seeking appropriate authority or exemption for Owners to dissolve 
    the voting trust and acquire direct control over A&G.
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        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: Donald G. Avery, Slover & Loftus, 1224 17th 
    Street, NW, Washington, DC 20036.
    
        Decided: January 18, 1994.
    
        By the Commission, David M. Konschnik, Director, Office of 
    Proceedings.
    Sidney L. Strickland Jr.,
    Secretary.
    [FR Doc. 94-1551 Filed 1-21-94; 10:00 am]
    BILLING CODE 7035-01-P
    
    
    

Document Information

Published:
01/24/1994
Department:
Interstate Commerce Commission
Entry Type:
Uncategorized Document
Document Number:
94-1551
Pages:
0-0 (1 pages)
Docket Numbers:
Federal Register: January 24, 1994, Finance Docket No. 32436