IN RE SCHENECTADY RY. CO.

No. 35188.

93 F.Supp. 67 (1950)

In re SCHENECTADY RY. CO.

United States District Court N. D. New York.

August 31, 1950.


Attorney(s) appearing for the Case

M. William Bray, Schenectady, N. Y., trustee.

J. F. Heaward Robinson, Jr., Schenectady, N. Y., for debtor and trustee.

John F. O'Donnell, New York City, Robert Silverman, Schenectady, N. Y., of counsel, for Transport Workers Union of America.

George B. Smith, Schenectady, N. Y., for Mohawk Nat. Bank of Schenectady.

Moses & Singer, New York City, Arnold Jaffee, New York City, of counsel, for Public Nat. Bank & Trust Co. of New York.

Arthur F. Newell, New York City, for Reconstruction Finance Corp.

Thomas R. Tillott, Schenectady, N. Y., Maurice LaFleche, Schenectady, N. Y., of counsel, for petitioning creditor.

Owen Begley and J. Vincent Smith, Corporation Counsel, Schenectady, N. Y., for City of Schenectady.


BRENNAN, Chief Judge.

This proceeding involves the legal propriety of the payment by a Trustee in reorganization of monthly pension payments to retired employees of the debtor corporation. The background for the decision is afforded by a brief statement of the facts.

The Schenectady Railway Company, a corporation which furnished bus transportation service in the City of Schenectady and over some two or three interurban routes, filed a petition in this Court...

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