Loans to Railroads by Reconstruction Finance Corporation: Hearings...75th Congress, 3d Session, on H.R. 10608, Superseding H.R. 10505 (S. 3948). Relating to Loans to Railroads by Reconstruction Finance CorporationU.S. Government Printing Office, 1938 - 92 páginas |
Palavras e frases frequentes
25 percent Alan Goldsborough amended ANDERSON apply approval Bankruptcy Act BELL bill bondholders bonds Chairman Chicago Class I railroads clause CLAY commercial banks committee Congress court CRAWFORD debtor earnings employees employment equipment maintenance equipment trust certificates equity filed Finance Corporation Act financing of track FORD foreclose foreclosure furloughed gentlemen George Harrison GIFFORD GOLDSBOROUGH Government hearing injunction Interstate Commerce Commission JONES labor lend lien liquidation loans to railroads LUCE maintenance and replacements MCKEOUGH ment mortgage obligations PATMAN position preferred creditor present proposed protect provision public interest purchase purpose question R. F. C. loans rail Railway receivers or trustees receivership Reconstruction Finance Corporation REILLY representing road Rock Island Rock Island Railroad Roor Root sale of collateral section 77 security holders sell Senate SIMPSON situation SPENCE thing track and equipment trustees thereof trying WILLIAMS WOLCOTT
Passagens conhecidas
Página 92 - Commission and the corporation with respect to the deposit or assignment of security hereunder, without the authorization or approval of any authority, State or Federal, and without compliance with any requirement, State or Federal, as to notification, other than such as may be imposed by the Interstate Commerce Commission and the corporation under the provisions of this section.
Página 24 - That in the case of loans to or the purchase or guarantee of obligations, including equipment trust certificates, of railroads not in receivership or trusteeship, the Interstate Commerce 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...
Página 23 - Be it enacted by the Senate and House of Representatives of the United States of America...
Página 29 - ... the extensive operations of the railway company and its subsidiaries, the extent, multiplicity and variety of their obligations, the complicated nature of their capital structure, the great volume of their securities held as collateral by many and widely-separated creditors, and other circumstances, that without the maintenance of the status quo for a reasonable length of time no satisfactory plan could be worked out.
Página 24 - An Act to establish a uniform system of bankruptcy throughout the United States...
Página 24 - ... certificates, or, when, in the opinion of the Corporation, funds are not available on reasonable terms through private channels, make loans, upon full and adequate security, to such railroads or to receivers or trustees thereof for the purposes aforesaid: Provided, That in the case of loans to or the purchase or...
Página 1 - The title of any owner, whether as trustee or otherwise, to rolling-stock equipment leased or conditionally sold to the debtor, and any right of such owner to take possession of such property in compliance with the provisions of any such lease or conditional sale contract, shall not be affected by the provisions of this section.
Página 24 - Within the foregoing limitations of this section, the Corporation, notwithstanding any limitation of law as to maturity, with the approval of the Interstate Commerce Commission, including approval of the price to be paid, may, to aid in the...
Página 24 - Provided. That no fee or commission shall be paid by any applicant for a loan under the provisions hereof in connection with any such application or any loan made or to be made hereunder, and the agreement to pay or payment of any such fee or commission shall be unlawful.
Página 24 - ... section, the Corporation, notwithstanding any limitation of law as to maturity, with the approval of the Interstate Commerce Commission, including approval of the price to be paid, may, to aid in the financing, reorganization, consolidation, maintenance, or construction thereof, purchase for itself, or for account of a railroad obligated thereon, the obligations of railroads, engaged in interstate commerce...