Interstate Commerce Commission Reports: Reports and Decisions of the Interstate Commerce Commission

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U.S. Government Printing Office, 1938

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Página 15 - After such hearing, and without any hearing if no objections are filed, the judge shall approve the plan if satisfied that : (1) It complies with the provisions of subsection (b) of this section, is fair and equitable, affords due recognition to the rights of each class of creditors and stockholders...
Página 15 - Interest on funded debt Interest on unfunded debt Amortization of discount on funded debt Maintenance of investment organization Income transferred to other companies Miscellaneous income charges Total deductions from gross income...
Página 15 - ... the actual and reasonable expenses incurred in connection with the proceedings and plan and reasonable compensation for services in connection therewith by trustees under indentures, depositaries and such assistants as the Commission with the approval of the judge may especially employ.
Página 84 - The road lies entirely within a single state, is owned and operated by a corporation of that state, and is not a part of another line. Its continued operation solely In intrastate commerce cannot be of more than local concern. Interstate and foreign commerce will not be burdened or affected by any shortage in the earnings, nor will any carrier in such commerce have to bear or make good the shortage. It is not as If the road were a branch or extension whose unremunerative operation would or might...
Página 15 - Commission, the judge may make an allowance, to be paid out of the debtor's estate, for the actual and reasonable expenses (including reasonable attorney's fees) incurred in connection with the proceedings and plan by parties in interest and by reorganization managers and committees or other representatives of creditors and stockholders...
Página 163 - Upon confirmation of a plan the Commission shall, without further proceedings, grant authority for the issue of any securities, assumption of obligations, transfer of any property, sale, consolidation or merger of the debtor's property, or pooling of traffic, to the extent contemplated by the plan and not inconsistent with the provisions and purposes of chapter 1 of Title 49 as on August 27, 1935, or thereafter amended.
Página 329 - An Act to establish a uniform system of bankruptcy throughout the United States," as amended, is hereby amended to read as follows: "Ssc.
Página 47 - Every obligation, heretofore or hereafter incurred, whether or not any such provision is contained therein or made with respect thereto, shall be discharged upon payment, dollar for dollar, in any coin or currency which at the time of payment is legal tender for public and private debts.
Página 15 - Commission, and are within such maximum limits to be subject to the approval of the judge; (3) the plan provides for the payment of all costs of administration and all other allowances made or to be made by the judge...
Página 15 - Commission shall, in connection with its approval thereof, also certify that such railroad, on the basis of present and prospective earnings, may reasonably be expected to meet its fixed charges, without a reduction thereof through judicial reorganization...

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