IN RE LEHIGH VALLEY RAILROAD

No. 70-342.

360 F.Supp. 792 (1973)

In the Matter of LEHIGH VALLEY RAILROAD, Debtor. In re APPLICATION FOR LOAN UNDER EMERGENCY RAIL FACILITIES RESTORATION ACT.

United States District Court, E. D. Pennsylvania.

May 21, 1973.


Attorney(s) appearing for the Case

Williamson P. Donald, Duane, Morris & Heckscher, Philadelphia, Pa., for Trustees.

Eugene Anderson, Jr., William Leiper, James E. Howard and Ivan Shomer, Philadelphia, Pa., for Trustees, Penn Central Trans. Co.

Andrew P. Goldstein, Washington, D. C., for Blue Coal Corp., Consolidated Trans. Services and Delaware Otsego Corp.

William Quinn, for Delaware & Hudson Railway Co.

T. P. Shearer, Pittsburgh, Pa., for United Transp. Union.

James Dausch, Dept. of Justice, for United States.

Glen Gilman, for PUC, Com. of Pa.


MEMORANDUM AND ORDER NO. 183

FULLAM, District Judge.

In June 1972, the rail facilities of the Debtor suffered extensive damage as a result of tropical storm Agnes. On October 27, 1972, Congress enacted the "Emergency Rail Facilities Restoration Act," authorizing federal loans at low interest rates "for the purpose of restoring or replacing railroad facilities, equipment, or services which are determined to be essential to public service . . . damaged or...

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