IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

352 F.Supp. 1117 (1973)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor.

United States District Court, E. D. Pennsylvania.

January 9, 1973.


Attorney(s) appearing for the Case

Carl Helmetag, Philadelphia, Pa., for trustees.

Alan Fellheimer, Ballard, Spahr, Andrews & Ingersoll, Philadelphia, Pa., for indenture trustees.


MEMORANDUM AND ORDER NO. 1073

FULLAM, District Judge.

The Trustees have filed a petition (Document No. 4696) seeking leave to grant to Austin E. Knowlton Company a six-month option to purchase 4.339 acres of real estate in the City of Columbus, Franklin County, Ohio, for a total price of $825,000. As consideration for the option, the optionee would pay $10,000, to be credited on account of the purchase price if the option is exercised, otherwise to be retained...

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