[Federal Register Volume 60, Number 30 (Tuesday, February 14, 1995)]
[Notices]
[Page 8413]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-3630]



=======================================================================
-----------------------------------------------------------------------

INTERSTATE COMMERCE COMMISSION

[Finance Docket No. 32658]


Caldwell County Economic Development Commission--Acquisition 
Exemption--Norfolk Southern Railway Company

    Caldwell County Economic Development Commission (CCEDC), a 
noncarrier, has filed a verified notice of exemption to acquire 
approximately 22.1 miles of railroad known as ``the HG Line'' owned by 
Norfolk Southern Railway Company (NS)\1\ and currently operated by the 
Caldwell County Railroad Company (CCRC). The line extends from milepost 
HG-90.6\2\ at Hickory, NC, to milepost HG-112.7 at Valmead (Lenoir), 
NC. CCRC will continue to serve as exclusive freight operator on the 
subject line, pursuant to a lease and operating agreement executed with 
CCEDC and pursuant to the exemption in Caldwell County Railroad 
Company--Lease, Operation, and Acquisition Exemption--Norfolk Southern 
Railway Company, Finance Docket No. 32584 (ICC served Oct. 19, 1994).

    \1\The acquisition will be pursuant to a donation and sale 
agreement, whereby NS will donate and sell the subject line to 
CCEDC.
    \2\CCEDC's initially filed notice erroneously reported the 
Hickory, NC milepost as 90.0. By letter dated January 19, 1995, 
CCEDC's counsel corrected the milepost to read 90.6, for a total of 
22.1 miles to be acquired from NS.
---------------------------------------------------------------------------

    CCEDC simultaneously filed in Finance Docket No. 32659, a petition 
for exemption pursuant to 49 U.S.C. 10505 to exempt it from the 
provisions of Subtitle IV of Title 49 of the United States Code (the 
Interstate Commerce Act).
    CCEDC expected to consummate acquisition of this rail line on 
January 26, 1995, at which time CCEDC's previously executed lease and 
operating agreement with CCRC would also become effective.
    Any comments must be filed with the Commission and served on: 
Robert A. Wimbish, Rea, Cross & Auchincloss, Suite 420, 1920 N St., 
N.W., Washington, DC 20036.
    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 stay the 
transaction.

    Decided: February 6, 1995.

    By the Commission, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 95-3630 Filed 2-13-95; 8:45 am]
BILLING CODE 7035-01-P