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IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

340 F.Supp. 855 (1972)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor.

United States District Court, E. D. Pennsylvania.

March 16, 1972.

Attorney(s) appearing for the Case

Eugene Anderson, for Trustees of Penn Central Transportation Co.

Douglas M. Galin, Davis, Polk & Wardwell, New York City, for Morgan Guaranty Trust Co. of N. Y.

Alan C. Kauffman, Obermayer, Rebmann, Maxwell & Hippel, Philadelphia, Pa., for Louisville & Nashville R. R.

MEMORANDUM AND ORDER 612

FULLAM, District Judge.

The Trustees have petitioned for authority to lease a 5.9-mile segment of the Debtor's rail line to the Louisville and Nashville Railroad Company ("L & N"). The segment is part of the 33-mile Evansville-Mount Carmel Branch which the Debtor leases from one of its subsidiaries, the Cleveland, Cincinnati, Chicago and St. Louis Railway Co. (the "Big Four"). The branch is subject to the lien of the Big Four...

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