IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

325 F.Supp. 294 (1970)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. In re DEFERRAL of TAXES.

United States District Court, E. D. Pennsylvania.

October 26, 1970.


Attorney(s) appearing for the Case

Robert W. Blanchette, New Haven, Conn., Counsel for the Trustees of the Penn Central Transportation Company.

Blank, Rome, Klaus & Comisky by Edwin P. Rome, Philadelphia, Pa., Special Counsel for the Trustees of the Penn Central Transportation Company.

Herbert Smolen, Asst. City Sol., for the City of Philadelphia.

Fox, Rothschild, O'Brien & Frankel by Israel Packel, Philadelphia, Pa., for First National City Bank of New York.

John M. Abdalla, Jefferson County Treasurer, for Jefferson County, Ohio.

Anthony X. Arturi, Fort Lee, N. J., for the Town of West New York, N. J.

Americo Campanella, Asst. Atty. Gen., for the State of Rhode Island and its municipalities.

Francis A. Barry, Pittsburgh, Pa., for Allegheny County, Pennsylvania.

William F. Carroll, Asst. Atty. Gen., for the State of W. Va.

John R. Everitt, South Amboy, N. J., for the Borough of Sayreville, Middlesex County, N. J.

Gerald N. Jacobowitz, Walden, N. Y., for the villages of Walden, Montgomery, and Maybrook, Orange County, N. Y.

Howard A. Fortney, Treasurer, for Ashtabula County, Ohio.

Robert H. Glantz, Deputy City Sol., for the City of Providence, R. I.

Wolf, Block, Schorr & Solis-Cohen by Michael L. Temin, Philadelphia, Pa., and Proskauer, Rose, Goetz & Mendelsohn by George G. Gallantz, and David Goldblatt, New York City, for Grand Central Building, Inc.

Pepper, Hamilton & Scheetz by John G. Harkins, Jr., Philadelphia, Pa., for Manufacturers Hanover Trust Company.

Thomas C. Hanes, Pros. Atty., for Darke County, Ohio.

William F. Koney, Asst. Pros. Atty., for Wayne County, Mich.

William T. Lapcevic, New Canaan, Conn., for the Town of Greenwich, Conn.

Marion K. Finkelhor, Asst. City Sol., for the City of Pittsburgh.

Joseph Maisano, Asst. Corp. Counsel, for the City of Detroit.

Russell A. Malrick, Asst. Atty. Gen., for the State of Ohio.

Walter H. Mayo, III, Asst. Atty. Gen., Commonwealth of Massachusetts.

Moser, Roveto & McGough by George P. Moser, Union City, N. J., for the Township of Weehawken, N. J.

Ralph G. Murphy, Asst. Atty. Gen., for the State of Conn.

Abraham I. Okun, Asst. Corp. Counsel, for the City of Buffalo.

Dominick Olivito, Pros. Atty., for Jefferson County, Ohio.

William Portchmouth, for the village of Croton-on-Hudson, N. Y.

Louis J. Lefkowitz, Atty. Gen. by Julius L. Sackman, and Thomas P. Zolezzi, Asst. Attys. Gen., for the State of New York.

Fred V. Skok, Pros. Atty., and Daniel J. Supanick, Lake County Treasurer, for Lake County, Ohio.

Saul, Ewing, Remick & Saul by Robert W. Sayre, Philadelphia, Pa., for Uris 320 Park Corporation, Uris 245 Park Corporation, Union Carbide Corporation, Manhattan Savings Bank, Stahl Equities Corporation, and Fisher Park Lane Corporation.

Theodore L. Sendak, Atty. Gen., for the State of Ind.

Wilbur E. Simmons, Jr., Baltimore, Md., for the State of Md.

Edith I. Spivack, for J. Lee Rankin, Corp. Counsel, City of New York.

Joseph J. Talafous, Asst. Corp. Counsel, for the City of Jersey City, N. J.

Joseph L. Woytowitz, for the City of Baltimore.

Vincent X. Yakowicz, Deputy Atty. Gen., for the Commonwealth of Pa.

Robert A. Maloney, Asst. Atty. Gen., for the State of Ill.

Edward G. Plaszck, Asst. Pros. Atty., for Treasurer, Ashtabula County, Ohio.

Fox, Rothschild, O'Brien & Frankel by Victor Wright, Philadelphia, Pa., for Frank Licht, Governor of the State of Rhode Island, and Archie Smith, Public Utilities Administrator.

Sullivan & Worcester by Morris Raker, Boston, Mass., James Murray Howe, Boston, Mass., and Spencer Ervin, Jr., Philadelphia, Pa., for Richard Joyce Smith, Trustee of the New Haven Railroad.

Norman Cooper, Yonkers, N. Y., for the City of Yonkers, N. Y.

Henry Wixon, Asst. Corp. Counsel, for the District of Columbia.

Lee Davis, Asst. Atty. Gen., for the State of Va.

David A. Biederman, Deputy Atty. Gen., for the State of N. J.


OPINION AND ORDER RE PETITION OF TRUSTEES TO DEFER PAYMENT OF TAXES

FULLAM, District Judge.

The Trustees of the Penn Central Transportation Company, in reorganization under section 77 of the Bankruptcy Act, have petitioned the Court for an order directing them to continue to defer payment of certain taxes.

When the debtor's petition for reorganization was approved for filing on June 21, 1970, the debtor was authorized, but not required, to pay taxes...

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