[Federal Register Volume 59, Number 70 (Tuesday, April 12, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-8703]


[[Page Unknown]]

[Federal Register: April 12, 1994]


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INTERSTATE COMMERCE COMMISSION

[Finance Docket No. 32479]

 

Caddo Antoine and Little Missouri Railroad Company--Feeder Line 
Acquisition--Arkansas Midland Railroad Company Line Between Gurdon and 
Bird's Mill, AR

AGENCY: Interstate Commerce Commission.

ACTION: Acceptance of feeder line application.

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SUMMARY: The Commission accepts the feeder railroad application filed 
by The Caddo Antoine and Little Missouri Railroad Company (CALM) under 
49 U.S.C. 10910 and 49 CFR 1151.3 to acquire from the Arkansas Midland 
Railroad Company Inc. a 52.9-mile rail line between Gurdon (milepost 
426.3) and Bird's Mill (milepost 479.2), AR, and institutes a 
proceeding.

DATES: Competing applications to acquire all or any portion of the line 
are due May 12, 1994. Verified statements and comments addressing both 
the initial and competing applications are due June 13, 1994. Verified 
replies by applicants and other interested parties are due July 5, 
1994.

ADDRESSES: Send pleadings referring to Finance Docket No. 32479 to: (1) 
Office of the Secretary, Case Control Branch, Interstate Commerce 
Commission, Washington, D.C. 20423 and (2) CALM's representative: James 
M. Moody, Jr., Wright, Lindsey & Jennings, 2200 Worthen Bank Building, 
200 West Capitol Avenue, Little Rock, AR 72201-3699.

FOR FURTHER INFORMATION CONTACT: Joseph H. Dettmar (202) 927-5660 or 
Joseph C. Levin (202) 927-6287. [TDD for hearing impaired: (202) 927-
5721.]

SUPPLEMENTARY INFORMATION: Copies of the application are available at 
the Commission and from CALM's representative.
    CALM's application is substantially complete and contains the basic 
information required by 49 CFR 1151.3. Additional information is 
needed, however, to assist the Commission in evaluating the 
application. Accordingly, CALM is directed to submit in its verified 
statement/comments the following supplemental information:
    1. Pro forma income statements, balance sheets and cash flow 
statements for each of the first 3 years after the proposed acquisition 
of the line, as additional support to demonstrate its financial 
fitness. The data in these statements should be fully explained and 
supported. The pro forma income statements should reflect net income 
rather than operating income.
    2. Details of any borrowing or other financing arrangements that 
have been made for CALM's purchase and operation of the line, including 
the specific sources of funds CALM will use and what the sources will 
commit.
    3. Details of any planned track improvements, including estimated 
costs.
    4. The estimated land value and sources of unit costs for the net 
liquidation value (NLV) estimate of the line.

    Decided: April 6, 1994.

    By the Commission, Joseph H. Dettmar, Acting Director, Office of 
Proceedings.
Sidney L. Strickland, Jr.,
Secretary.
[FR Doc. 94-8703 Filed 4-11-94; 8:45 am]
BILLING CODE 7035-01-P