[Federal Register Volume 59, Number 70 (Tuesday, April 12, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-8703]
[[Page Unknown]]
[Federal Register: April 12, 1994]
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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32479]
Caddo Antoine and Little Missouri Railroad Company--Feeder Line
Acquisition--Arkansas Midland Railroad Company Line Between Gurdon and
Bird's Mill, AR
AGENCY: Interstate Commerce Commission.
ACTION: Acceptance of feeder line application.
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SUMMARY: The Commission accepts the feeder railroad application filed
by The Caddo Antoine and Little Missouri Railroad Company (CALM) under
49 U.S.C. 10910 and 49 CFR 1151.3 to acquire from the Arkansas Midland
Railroad Company Inc. a 52.9-mile rail line between Gurdon (milepost
426.3) and Bird's Mill (milepost 479.2), AR, and institutes a
proceeding.
DATES: Competing applications to acquire all or any portion of the line
are due May 12, 1994. Verified statements and comments addressing both
the initial and competing applications are due June 13, 1994. Verified
replies by applicants and other interested parties are due July 5,
1994.
ADDRESSES: Send pleadings referring to Finance Docket No. 32479 to: (1)
Office of the Secretary, Case Control Branch, Interstate Commerce
Commission, Washington, D.C. 20423 and (2) CALM's representative: James
M. Moody, Jr., Wright, Lindsey & Jennings, 2200 Worthen Bank Building,
200 West Capitol Avenue, Little Rock, AR 72201-3699.
FOR FURTHER INFORMATION CONTACT: Joseph H. Dettmar (202) 927-5660 or
Joseph C. Levin (202) 927-6287. [TDD for hearing impaired: (202) 927-
5721.]
SUPPLEMENTARY INFORMATION: Copies of the application are available at
the Commission and from CALM's representative.
CALM's application is substantially complete and contains the basic
information required by 49 CFR 1151.3. Additional information is
needed, however, to assist the Commission in evaluating the
application. Accordingly, CALM is directed to submit in its verified
statement/comments the following supplemental information:
1. Pro forma income statements, balance sheets and cash flow
statements for each of the first 3 years after the proposed acquisition
of the line, as additional support to demonstrate its financial
fitness. The data in these statements should be fully explained and
supported. The pro forma income statements should reflect net income
rather than operating income.
2. Details of any borrowing or other financing arrangements that
have been made for CALM's purchase and operation of the line, including
the specific sources of funds CALM will use and what the sources will
commit.
3. Details of any planned track improvements, including estimated
costs.
4. The estimated land value and sources of unit costs for the net
liquidation value (NLV) estimate of the line.
Decided: April 6, 1994.
By the Commission, Joseph H. Dettmar, Acting Director, Office of
Proceedings.
Sidney L. Strickland, Jr.,
Secretary.
[FR Doc. 94-8703 Filed 4-11-94; 8:45 am]
BILLING CODE 7035-01-P
