Voluntary Adjustment of Railroad Obligations: Hearing[s] Before a Subcommittee of the Committee on Interstate Commerce, United States Senate, Seventy-seventh Congress, Second Session, H. R. 7121, an Act to Amend an Act Entitled "An Act to Establish a Uniform System of Bankruptcy Throughout the United States," Approved July 1, 1898, and Acts Amendatory Thereof and Supplementary Thereto. August 12 and 14, 1942 |
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amendments amount ARKUSH assents BABBAGE Baltimore & Ohio Bankruptcy Act banks bondholders carriers Chairman Chandler Act chapter CLARK of Idaho Colorado & Southern Congress counsel creditors and stockholders debt Delaware & Hudson deposits earnings effect enacted ENNIS Exchange Commission expense filed findings House committee House hearings indenture insolvent Interstate Commerce Act Interstate Commerce Commission Judge Fletcher junior bonds legislation letter Mahaffie matter maturity McLaughlin bill ment Midland Valley Railroad modified mortgage obligations percent petition petitioner plan of adjustment proceeding proposed public interest question railroad corporation railway reason Reconstruction Finance Corporation record represent road Rutland Railroad section 77 Securities and Exchange security holders Senator AUSTIN Senator CLARK Senator TOBEY Senator TRUMAN short-line railroads sinking fund SNODGRASS solicitation solvent special court statement statute subcommittee substantial suggestions Supreme Court thereof thing tion trustee variant plans
Popular passages
Page 4 - ... has not been guilty of any of the acts or failed to perform any of the duties which would be a bar to...
Page 5 - ... such other papers filed in the proceedings as the Secretary of the Treasury may request or...
Page 4 - It complies with the provisions of subsection (b) of this section, is fair and equitable, affords due recognition to the rights of each class of creditors and stockholders, does not discriminate unfairly in favor of any class of creditors or stockholders, and will conform to the requirements of the law of the land regarding the participation of the various classes of creditors and stockholders...
Page 1 - ... to assume any obligation or liability as lessor, lessee, guarantor, endorser, surety, or otherwise in respect of the securities of any other person, natural or artificial, actually outstanding, shall make such application substantially in the form of application designated Form BF-6. § 1115.2 Definitions. (a) The term "carrier...
Page 2 - The petition shall be accompanied by payment to the clerk of a filing fee of $100, which shall be in addition to the fees required to be collected by the clerk under other sections of this Act.
Page 4 - Upon confirmation of the plan the debtor, and any other corporation or corporations organized or to be organized for the purpose of carrying out the plan, shall have full power and authority to, and shall, put into effect and carry out the plan and the orders of the judge relative thereto, under and subject to the supervision and the control of the judge, the laws of any State or the decision or order of any State authority to the contrary notwithstanding.
Page 5 - Act of 1932, and the provisions of subdivisions 8 and 9 of the same schedule A as added by sections 724 and 725 of the Revenue Act of 1932, and any amendments thereto unless specifically providing to the contrary, shall not apply to the issuance, transfer, or exchange of securities or the making or delivery of conveyances to make effective any plan of reorganization confirmed under the provisions of this section.
Page 4 - Act, has authorized the issuance or modification of securities as proposed by such plan, and of the fact that the Commission has made such or similar findings ; "(4) that all corporate action required to authorize the issuance or modification of securities pursuant to such plan shall have been duly taken either before or since...