In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor.
In re Purchase of maintenance of way equipment through MANOR REAL ESTATE CO.
United States District Court, E. D. Pennsylvania.https://leagle.com/images/logo.png
May 12, 1972.
May 12, 1972.
Attorney(s) appearing for the Case
Blank, Rome, Klaus & Comisky by Robert P. Lipkin, Philadelphia, Pa., for trustees, Penn Central.
Jack B. Justice, Philadelphia, Pa., for Girard Trust Bank.
Fox, Rothschild, O'Brien & Frankel by Nochem S. Winnet, Philadelphia, Pa., for First Natl. City Bank of New York.
Dechert, Price & Rhoads by Matthew J. Broderick, Philadelphia, Pa., for Penn Central Co.
Ballard, Spahr, Andrews & Ingersoll by Morris Cheston, Jr., and Richardson Blair, Philadelphia, Pa., for Girard Trust Bank and Morgan Guaranty Trust Co. of New York, as indenture trustees.
Tate & Ervin by W. Bourne Ruthrauff and Spencer Ervin, Jr., Philadelphia, Pa., for Richard Joyce Smith, trustee, New York, New Haven & Hartford RR.
Blank, Rome, Klaus & Comisky by Matthew Bullock, Philadelphia, Pa., Special counsel to Trustees, Penn Central Trans. Co.
Aaron Fine, Philadelphia, Pa., for Consolidated Edison Co.
Schnader, Harrison, Segal & Lewis by Edward Mullinix, Philadelphia, Pa., for Federal Sign & Signal Corp.
United States District Court, E. D. Pennsylvania.
OPINION AND ORDER NO. 708
FULLAM, District Judge.
In the ordinary course of its railroad business, the Debtor expends large sums annually in the purchase of various kinds of roadway maintenance equipment, such as tampers, ballast equalizers, handlers, spike pullers, wire inspection cars, etc. (hereinafter referred to as "maintenance equipment"). In anticipation of its maintenance needs for the year 1970, the...
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