IN RE LONG ISLAND R. CO.

No. 47970.

122 F.Supp. 942 (1954)

In re LONG ISLAND R. CO.

United States District Court, E. D. New York.

July 7, 1954.


Attorney(s) appearing for the Case

Conboy, Hewitt, O'Brien & Boardman, New York City, for Long Island R. Co., debtor, Pennsylvania R. Co., and American Contract & Trust Co., Bernard Sobol, New York City, of counsel.

Adrian P. Burke, Corp. Counsel of City of New York, New York City, Leo A. Larkin, First Asst. Corp. Counsel, New York City,

William W. Golub, New York City, for Long Island Transit Authority.

Henry I. Stimson, New York City, for trustee.

William Wyer, in pro. per.

Nathaniel L. Goldstein, Atty. Gen., of State of New York, Abe Wagman, New York City, of counsel.

G. Burchard Smith, County Atty. for Nassau County, Mineola, Orrin G. Judd, New York City, of counsel.

Milbank, Tweed, Hope & Hadley, New York City, for Chase Nat. Bank of City of New York, as Trustee under the Refunding Mortgage, Orville W. Wood, New York City, of counsel.

Cravath, Swaine & Moore, New York City, for Chemical Bank & Trust Co., as Trustee of Unified Mortgage, H. P. Riordan, New York City, of counsel.

Edward S. Blackstone, New York City, for various claimants now in claim under 45 U.S.C.A. 51.

Joseph J. Doran, Albany, N. Y., for Public Service Commission of State of New York.


BYERS, District Judge.

The debtor has filed a petition verified June 17, 1954, to terminate and consequently dismiss this proceeding for the reason that it is in the position to qualify as a railroad redevelopment corporation as contemplated by Chapter 824 of the Laws of New York of 1954, enacted June 14, 1954, Railroad Law, McKinney's Consol.Laws, c. 49, §§ 300-313; and that it should be permitted so to qualify...

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