[Federal Register Volume 60, Number 246 (Friday, December 22, 1995)]
[Notices]
[Pages 66556-66557]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-31085]
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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32785]
Norfolk Southern Railway Company--Corporate Family Exemption--
Georgia Midland Railway Company
Norfolk Southern Railway Company (NSR) or its predecessors have
leased a portion of track in Georgia from Georgia Midland Railway
Company (GMRC),1 pursuant to a lease dated June 18, 1896. The term
of the lease expired on October 2, 1995. The railroads have agreed to
extend the lease for successive one-year terms to commence October 2,
1995, until terminated by agreement of the parties or operation of law.
It is expected that GMRC will eventually be liquidated or merged into
NSR. Accordingly, the purpose of this exemption is to extend the lease
until such time as this occurs.
\1\ NSR is a class I railroad controlled by Norfolk Southern
Corporation, and the owner of the common stock of GMRC.
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This notice is filed under 49 CFR 1180.2(d)(3) 2 which exempts
transactions within a corporate family that do not result in adverse
changes in service levels, significant operational changes, or a change
in the competitive balance with carriers outside the corporate family.
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 stay the
transaction.
\2\ Originally this transaction was also filed under 49 CFR
1180.2(d)(4), which exempts the renewal of leases. However, by a
pleading filed December 4, 1995, NSR amended the transaction.
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Any comments must be filed with the Commission 3 and served
on: Greg E.
[[Page 66557]]
Summy, Norfolk Southern Corporation, Three Commercial Place, Norfolk,
VA 23510-2191.
\3\ Legislation to sunset the Commission on December 31, 1995,
and transfer remaining functions is now under consideration in
Congress. Until further notice, parties submitting pleadings should
continue to use the current name and address: Interstate Commerce
Commission, 1201 Constitution Avenue, NW., Washington, DC 20423.
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As a condition to use of this exemption, any employees affected by
the transaction will be protected pursuant to the conditions set forth
in New York Dock Ry.--Control--Brooklyn Eastern Dist., 360 I.C.C. 60
(1979).
Decided: December 15, 1995.
By the Commission, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams,
Secretary .
[FR Doc. 95-31085 Filed 12-21-95; 8:45 am]
BILLING CODE 7035-01-P
