IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

351 F.Supp. 1351 (1972)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. In re Petition of HOUDAILLE MATERIALS CONSTRUCTION, INC.

United States District Court, E. D. Pennsylvania.

December 1, 1972.


Attorney(s) appearing for the Case

Carl Helmetag, Jr., Robert E. Miller, Philadelphia, Pa., for trustees of PCTC.

Lewis H. Gold, Philadephia, Pa., for Houdaille Construction.


MEMORANDUM AND ORDER NO. 1034

FULLAM, District Judge.

On May 16, 1968, the Debtor entered into a written agreement with Houdaille Construction Materials, Inc. for the construction of a private grade crossing at Bowmansville, New York. Pursuant to the terms of the agreement, Houdaille advanced to the Debtor the estimated cost of the project, and the Debtor performed the work. The agreement provided that, if the project cost less than the estimate, the Debtor...

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