94-31999. St. Louis Southwestern Railway CompanyMerger ExemptionDallas Terminal Railway and Union Depot Company

[Federal Register Volume 59, Number 250 (Friday, December 30, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-31999]


[[Page Unknown]]

[Federal Register: December 30, 1994]


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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32603]

 

St. Louis Southwestern Railway Company--Merger Exemption--Dallas 
Terminal Railway and Union Depot Company

    St. Louis Southwestern Railway Company (Cotton Belt) filed a notice 
of exemption to merge Dallas Terminal Railway and Union Depot Company 
(DTR) into Cotton Belt. DTR has no employees and owns no equipment. DTR 
owns 7.14 miles of trackage in Dallas, TX, which is utilized as 
switching trackage. The trackage is operated and maintained by Cotton 
Belt. DTR will be dissolved when its corporate charter expires on 
December 8, 1994, and all of its assets and liabilities will be assumed 
as of that date by its sole shareholder, Cotton Belt. The proposed 
transaction was scheduled to be consummated on December 8, 1994.
    Because the parties are members of the same corporate family, and 
the merger will not result in adverse changes in service levels, 
significant operational changes, or a change in the competitive balance 
with carriers outside the corporate family, the transaction qualifies 
for the class exemption at 49 CFR 1180.2(d)(3). The purpose of this 
transaction is the simplification of the corporate structure of Cotton 
Belt and the elimination of costs associated with separate accounting, 
tax, and regulatory reporting functions.
    As a condition to the use of this exemption, any employees 
adversely 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 stay the 
transaction. Pleadings must be filed with the Commission and served on: 
Gary A. Laakso, Southern Pacific Building, Room 846, One Market Plaza, 
San Francisco, CA 94105.

    Decided: December 14, 1994.

    By the Commission, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams.
Secretary.
[FR Doc. 94-31999 Filed 12-29-94; 8:45 am]
BILLING CODE 7035-01-P