[Federal Register Volume 60, Number 249 (Thursday, December 28, 1995)]
[Notices]
[Page 67140]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-31399]
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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32808]
Twin Cities & Western Railroad Company--Operation Exemption--
Minnesota River Bridge Company
Twin Cities & Western Railroad Company (TCW) has filed a notice of
exemption to operate approximately 1.11 miles of track owned by
Minnesota River Bridge Company (MRBC),1 between milepost 26.0 near
the city of Bloomington, in Hennepin County, MN, to milepost 27.11 near
the city of Savage, in Scott County, MN. The parties expected to enter
into an operation agreement on or after December 13, 1995, and to
consummate the transaction on or after December 14, 1995.
\1\ MRBC filed a verified notice of exemption in Minnesota River
Bridge Company--Acquisition and Operation Exemption--Soo Line
Railroad Company d/b/a CP Rail System, Finance Docket No. 32807, to
acquire and operate the line. MRBC will retain a residual obligation
to provide common carrier service on the line. The parties expected
to consummate the acquisition on or after December 13, 1995. The
owners of MRBC concurrently filed a petition for exemption in
Douglas M. Head, Kent P. Shoemaker, and Charles H. Clay--Continuance
in Control Exemption--Minnesota River Bridge Company, Finance Docket
No. 32810, to continue in control of MRBC when it becomes a rail
carrier. Douglas M. Head, Kent P. Shoemaker, and Charles H. Clay,
MRBC's stockholders, do not qualify for a class exemption under 49
CFR 1180.2(d)(2) because: (1) they hold controlling ownership of
MRBC, TCW, and Red River Valley & Western Railroad Company; and (2)
the subject line connects with a rail line owned by Soo Line
Railroad Company d/b/a CP Rail System (CPRS) on which TCW,
controlled by the above-named stockholders, anticipates acquiring
trackage rights in Finance Docket No. 32809, as described above.
Thus, the stockholders have established a voting trust to insulate
themselves from authorized acquisition of control of MRBC until the
petition for exemption for control is acted upon.
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Concurrently with this notice, TCW filed a notice of exemption in
Twin Cities & Western Railroad Company--Trackage Rights Exemption--Soo
Line Railroad Company d/b/a/ CP Rail System, Finance Docket No. 32809,
to obtain overhead trackage rights on 9.7 miles of track connected to
the subject line. This track extends from milepost 17.23 at St. Louis
Park, MN, to its connection with the subject line at milepost 26.00,
near Bloomington, MN. It also connects with the line at milepost 27.11,
and extends to milepost 28.04, near Savage, MN. The trackage rights
were scheduled to become effective on or after December 14, 1995.
Any comments must be filed with the Commission 2 and served
on: Jo A. Deroche, Esq., Weiner, Brodsky, Sidman & Kider, P.C., Suite
800, 1350 New York Avenue, N.W., Washington, DC 20005-4797.
\2\ Legislation to sunset the Commission on December 31, 1995,
and transfer the 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, N.W., Washington, D.C. 20423.
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This notice is filed under 49 CFR 1150.31. If the 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 transaction.
Decided: December 20, 1995.
By the Commission, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 95-31399 Filed 12-27-95; 8:45 am]
BILLING CODE 7035-01-P
