Northeast Rail Problems, Legislative Proposals, July 10, 19731973 - 227 pages |
Common terms and phrases
abandonment acquiring railroad amended amount application approval association authorized bankrupt railroad Bankruptcy Act board of directors carrier by railroad centum certificate Commission common carrier compensation Congress convenience and necessity corporation date of enactment determined district court effective date eligible railroads employment equipment obligation equitable value facilities fair and equitable Federal interest Interstate Commerce Act Interstate Commerce Commission issue J. J. PICKLE lease and operating lessor railroad line of railroad loan guarantee means ment necessary NETC ninety days nonbankrupt railroad Northeast Rail northeast region paragraph performed plan of restructuring poration preferred stock prescribe profitable railroad protected employee protective arrangements public convenience purchase purposes pursuant to section rail lines rail service railroad direct railroad in reorganization railroad service Railway Labor Act recommendations regional plan reimburse Secretary of Labor securities service plan shippers sion suant subchapter submit subsection terms and conditions thereof thirty days tion transportation Treasury trustees United
Popular passages
Page 71 - States a civil penalty of not more than $5,000 for each violation, which shall accrue to the United States and may be recovered in a civil action brought by the United States.
Page 71 - ... no carrier by railroad subject to this Act shall abandon all or any portion of a line of railroad, or the operation thereof, unless and until there shall first have been obtained from the Commission a certificate that the present or future public convenience and necessity permit of such abandonment.
Page 48 - The States of Maine, New Hampshire, Vermont, Massachusetts, Connecticut, Rhode Island, New York, Pennsylvania, Illinois, Indiana, Michigan, Wisconsin and Iowa, have enacted laws which either nullify the Acts of Congress or render useless any attempt to execute them.
Page 69 - (6) Upon receipt of any such application for authority the Commission shall cause notice thereof to be given to and a copy filed with the governor of each State in which the applicant carrier operates. The railroad...
Page 190 - Unless otherwise ordered by the Commission, with the reasons therefor, the records and data of the Commission shall be open to the inspection and examination of the public.
Page 70 - The Commission may, after hearing, in a proceeding upon complaint or upon its own initiative without complaint, authorize or require by order any carrier by railroad subject to this Act, party to such proceeding, to provide itself with safe and adequate facilities for performing as a common carrier its car service as that term is used in this Act...
Page 64 - Standards (a) The Secretary shall not approve plans and specifications for proposed projects on any Federal-aid system if they fail to provide for a facility (1) that will adequately meet the existing and probable future traffic needs and conditions in a manner conducive to safety, durability, and economy of maintenance...
Page 64 - ... projects on any Federal-aid system if they fail to provide for a facility (1) that will adequately meet the existing and probable future traffic needs and conditions in a manner conducive to safety, durability, and economy of maintenance ; (2) that will be designed and constructed in accordance with standards best suited to accomplish the foregoing objectives and to conform to the particular needs of each locality.
Page 85 - Association"), which shall be a constituent agency of the Housing and Home Finance Agency. The Association shall have succession until dissolved by Act of Congress. It shall maintain its principal office in the District of Columbia and shall be deemed, for purposes of venue in civil actions, to be a resident thereof. Agencies or offices may be established by the Association in such other place or places as it may deem necessary or appropriate in the conduct of its business.
Page 114 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.