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MATTER OF PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

402 F.Supp. 106 (1975)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. In re PAYMENT OF TAXES IN COMPLIANCE WITH SECTION 605 OF THE REGIONAL RAIL REORGANIZATION ACT AMENDMENTS OF 1975.

United States District Court, E. D. Pennsylvania.

October 20, 1975.

Attorney(s) appearing for the Case

Carl Helmetag, Jr., and Terrence M. Quirin, Philadelphia, Pa., for Trustees, PCTC.

Gratz, Tate, Spiegel, Ervin & Ruthrauff, by Spencer Ervin, Jr., Philadelphia, Pa., for Richard Joyce Smith, Trustee, New York, New Haven & Hartford RR. Co.

Jerome E. Sharfman, Washington, D. C., for the U.S.A.

Ballard, Spahr, Andrews & Ingersoll by Lewis A. Grafman, Philadelphia, Pa., for Girard Trust Bank.

Stanley Buchsbaum, New York City, for the City of New York.

Thomas Zolezzi, Albany, N. Y., for State of New York.

Alan Bouffard, Asst. City Sol., for City of Pittsburgh.

Hughes, Hubbard & Reed by William M. Barron, New York City, for Travelodge International, Inc.

Fell, Spalding, Goff & Rubin by Charles C. Coyne, Philadelphia, Pa., and Demov, Morris, Levin & Shein, New York City, by Robert S. Ordman, for Washington Federal Savings & Loan Assn.

MEMORANDUM AND ORDER NO. 2049

FULLAM, District Judge.

On February 28, 1975, Congress enacted the Regional Rail Reorganization Act Amendments of 1975, P.L. 94-5, "to provide emergency financial assistance to bankrupt rail carriers in the Northeast and Midwest in order to continue essential rail services." See Report of the House Committee on Interstate and Foreign Commerce, February 10, 1975, p. 3.

Section 605 of the amendatory statute provides as...

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