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IN RE LEHIGH AND HUDSON RIVER RAILWAY COMPANY

No. 72-B-419.

377 F.Supp. 475 (1974)

In the Matter of The LEHIGH AND HUDSON RIVER RAILWAY COMPANY, Debtor.

United States District Court, S. D. New York.

July 1, 1974.

Attorney(s) appearing for the Case

John G. Troiano, Timothy V. Smith, New York City, for Trustee.

Jerome E. Sharfman, Dept. of Trans., Washington, D. C., for the United States of America.

Wilmer, Cutler & Pickering, Washington, D. C., for the United States Railway Association; William T. Lake, Washington, D. C. of counsel.

Michael D. McDonald, Albany, N. Y., for the State of New York.

Kenneth S. Levy, Deputy Atty. Gen., for the State of New Jersey.

Geoffrey N. Zeh, Washington, D. C., for the Railway Labor Executives Association.

James E. Howard, Philadelphia, Pa., for the Trustees of the Penn. Cent. Transp. Co.

Gordon P. MacDougall, Washington, D. C., for the Commonwealth of Pa.,

Richard B. Wachenfeld, Jersey City, N. J., for the Cent. Railroad of N. J.

OPINION

ROBERT J. WARD, District Judge.

The Lehigh and Hudson River Railway Company ("the railroad") is presently in reorganization proceedings before this Court pursuant to § 77 of the Bankruptcy Act, 11 U.S.C. § 205 ("§ 77"). On April 24, 1974, 374 F.Supp. 4, the Court determined, as required by § 207(b) of the Regional Rail Reorganization Act of 1973, Pub.L. 93-236, 45 U.S.C. §§ 743,...

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