[Federal Register Volume 59, Number 60 (Tuesday, March 29, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7338]


[[Page Unknown]]

[Federal Register: March 29, 1994]


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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32462]

 

Piedmont & Atlantic Railroad Co., Inc.--Lease and Operation 
Exemption--Laurinburg & Southern Railroad Co., et al.

    Piedmont & Atlantic Railroad Co., Inc. (PARR), a noncarrier, has 
filed a notice of exemption to sublease and operate approximately 101.7 
miles of rail line owned by Southern Railway Company, leased by 
Laurinburg and Southern Railroad Co., Inc. (LSR), and now being 
operated by Yadkin Valley Railroad Company (YVRR).\1\ The trackage 
consists of two rail segments in North Carolina extending: (1) 63.2 
miles from milepost K-37.0 at Rural Hall in Forsyth County, to milepost 
K-100.2 at North Wilkesboro in Wilkes County; and (2) 38.5 miles from 
milepost CF-0.0 at Mount Airy in Surry County, to milepost CF-38.5 near 
Brook Cove in Stokes County.\2\ The notice became effective on March 3, 
1994.\3\
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    \1\LSR originally acquired the lease and YVRR the operating 
authority in Laurinburg and Southern Railroad Company, et al.--Lease 
and Operation Exemption--Southern Railway Company, Finance Docket 
No. 31526 (ICC served Nov. 7, 1989).
    LSR and YVRR are two of four active rail carriers [the other two 
are Robeson County Railroad Corporation (RCR) and Nash County 
Railroad Corporation] and two inactive rail carriers (Saltville 
Railroad Corporation and Franklin County Railroad Corporation) that 
were recently merged into Laurinburg Oil Company (Laurinburg), in a 
corporate family transaction. Laurinburg Oil Company--Merger 
Exemption--Laurinburg and Southern Railroad Company, Robeson County 
Railroad Corporation, Yadkin Valley Railroad Company, and Nash 
County Railroad Corporation, Finance Docket No. 32426 (ICC served 
Jan. 13, 1994). The merger also involved the Red Springs and 
Northern Railroad Company, a division of RCR. After the merger, 
Laurinburg's name was changed to L & S Holding Company (L&S), and 
the four active railroads operated as separate divisions of L&S.
    \2\In a related notice of exemption, H. Peter and Linda C. 
Claussen (the Claussens) seek to continue to control PARR when it 
becomes a class III rail carrier. H. Peter and Linda C. Claussen--
Continuance in Control Exemption--Piedmont & Atlantic Railroad Co., 
Inc., Finance Docket No. 32464. Additionally, in two other 
concurrently filed notices of exemption, the Rocky Mount & Western 
Railroad Co., Inc. (RMWR), another noncarrier controlled by the 
Claussens, is acquiring a nonconnecting rail line from L & S Holding 
Company d/b/a Nash County Railroad Corporation; and the Claussens 
correspondingly seek to continue in control of RMWR when it becomes 
a class III rail carrier. Rocky Mount & Western Railroad Co., Inc.--
Acquisition and Operation Exemption--L & S Holding Company d/b/a 
Nash County Railroad Corporation, Finance Docket No. 32463; and H. 
Peter and Linda C. Claussen--Continuance in Control Exemption--Rocky 
Mount & Western Railroad Co., Inc., Finance Docket No. 32465.
    \3\Under 49 CFR 1150.323(b) notices of exemption become 
effective 7 days after filing. Here, the effective date is 
calculated from February 24, 1994, when petitioner's additional 
submission was received.
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    Any comments must be filed with the Commission and served on: Adam 
M. Mycyk of Weiner, Brodksy, Sidman & Kider, P.C., 1350 New York 
Avenue, NW., suite 800, Washington, DC 20005-4797.
    This notice is filed under 49 CFR 1150.21. If the notice contains 
false or misleading information, the exemption is void ab initio. 
Petitions to revoke the exemption under 49 U.S.C. 10505(d) may be filed 
at any time. The filing of a petition to revoke will not automatically 
stay the transaction.

    Decided: March 22, 1994.

    By the Commission, David M. Konschnik, Director, Office of 
Proceedings.
Sidney L. Strickland, Jr.,
Secretary.
[FR Doc. 94-7338 Filed 3-28-94; 8:45 am]
BILLING CODE 7035-01-P