[Federal Register Volume 59, Number 62 (Thursday, March 31, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7642]


[[Page Unknown]]

[Federal Register: March 31, 1994]


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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32463]

 

Rocky Mount & Western Railroad Co., Inc.--Acquisition and 
Operation Exemption--L & S Holding Company d/b/a Nash County Railroad 
Corporation

    Rocky Mount & Western Railroad Co., Inc. (RMWR), a noncarrier, has 
filed a notice of exemption to acquire and operate approximately 20 
miles of rail line owned by L & S Holding Company d/b/a Nash County 
Railroad Corporation (NCRR),1 extending between milepost ABA-119.9 
at Rocky Mount, and milepost ABA-139.5 near Spring Hope, in Nash 
County, NC.2 The notice became effective on March 3, 1994.3 
Any comments must be filed with the Commission and served on: Adam M. 
Mycyk of Weiner, Brodsky, Sidman & Kider, P.C., 1350 New York Avenue, 
NW., suite 800, Washington, DC 20005-4797.
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    \1\NCRR is one of four active rail carriers [the other three are 
Laurinburg & Southern Railroad Co., Robeson County Railroad 
Corporation (RCR) and Yadkin Valley Railroad Company] 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 RMWR when it 
becomes a class III rail carrier. H. Peter and Linda C. Claussen--
Continuance in Control Exemption--Rocky Mount & Western Railroad 
Co., Inc., Finance Docket No. 32465. Additionally, in two other 
concurrently filed notices of exemption, the Piedmont & Atlantic 
Railroad Co., Inc. (PARR), another noncarrier controlled by the 
Claussens, is subleasing a nonconnecting rail line from L & S 
Holding Company d/b/a Laurinburg & Southern Railroad Co. and Yadkin 
Valley Railroad Company; and the Claussens correspondingly seek to 
continue in control of PARR when it becomes a class III rail 
carrier. Piedmont & Atlantic Railroad Co., Inc.--Lease and Operation 
Exemption--L & S Holding Company d/b/a Laurinburg & Southern 
Railroad Co. and Yadkin Valley Railroad Company, Finance Docket No. 
32462; and H. Peter and Linda C. Claussen--Continuance in Control 
Exemption--Piedmont & Atlantic Railroad Co., Inc., Finance Docket 
No. 32464.
    \3\Under 49 CFR 1150.32(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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    This notice is filed under 49 CFR 1150.31. 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 24, 1994.

    By the Commission, David M. Konschnik, Director, Office of 
Proceedings.
Sidney L. Strickland, Jr.,
Secretary.
[FR Doc. 94-7642 Filed 3-30-94; 8:45 am]
BILLING CODE 7035-01-P