Interstate Commerce Commission Reports: Reports and Decisions of the Interstate Commerce Commission of the United States, Volume 261L.K. Strouse, 1947 - Interstate commerce |
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Common terms and phrases
4-percent accrued agreement Alleghany Corporation Alton Railroad applicant applicant's approximately assets available net income bondholders capital stock carrier cars cash certificates Chesapeake & Ohio claims coal Commission common stock consummation contingent interest counsel court creditors debtor December 31 dividends division earnings effective date employees equipment obligations expenses filed first-mortgage bonds fixed charges freight Gulf hereinafter holders income bonds Interstate Commerce Act issued January Kansas City lease lien line of railroad maturity ment miles Missouri River Mobile & Ohio mortgage mortgage bonds Ohio Railroad Company operation outstanding Pacific paid par value payable payment Pere Marquette period plan of reorganization pledged preferred stock principal amount prior proceeding proposed purchase pursuant Railway Company receive Reconstruction Finance Corporation refunding mortgage reorganization managers reorganized company respect revenues securities series A bonds shares sinking fund Steubenville taxes thereof tion trackage rights traffic unpaid
Popular passages
Page 652 - Columbia, or to any foreign country, any article or commodity, other than timber and the manufactured products thereof, manufactured, mined, or produced by it, or under its authority, or which it may own in whole, or in part, or in which it may have any interest direct or indirect except such articles or commodities as may be necessary and intended for its use in the conduct of its business as a common carrier.
Page 264 - ... shall provide for fixed charges (including fixed interest on funded debt, interest on unfunded debt, amortization of discount on funded debt, and rent for leased railroads) in such an amount that, after due consideration of the probable prospective earnings of the property in light of its earnings experience and all other relevant facts, there shaD be adequate coverage of such fixed charges by the probable earnings available for the payment thereof...
Page 560 - 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 343 - After such hearing, and without any hearing if no objections are filed, the judge shall approve the plan if satisfied that : (1) 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...
Page 651 - Act, or for whom as consignor or consignee, any such carrier shall transport property from one State, Territory, or the District of Columbia to any other State, Territory, or the District of Columbia, or...
Page 725 - The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted.
Page 264 - A plan of reorganization within the meaning of this section (1) shall .include provisions modifying or altering the rights of creditors generally, or of any class of them, secured or unsecured, either through the issuance of new securities of any character or otherwise...
Page 265 - ... the actual and reasonable expenses incurred in connection with the proceedings and plan and reasonable compensation for services in connection therewith by trustees under indentures, depositaries and such assistants as the Commission with the approval of the judge may especially employ.
Page 682 - In its order of approval the Commission shall include terms and conditions providing that during the period of four years from the effective date of such order such transaction will not result in employees of the carrier or carriers by railroad affected by such order being in a worse position with respect to their employment...
Page 343 - ... makes adequate provision for fair and equitable treatment for the interests or claims of those rejecting it...