[Federal Register Volume 62, Number 192 (Friday, October 3, 1997)]
[Notices]
[Page 51969]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-26311]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board
[STB Finance Docket No. 33456]


East Penn Railways, Inc.; Lease and Operation Exemption; 
Southeastern Pennsylvania Transportation Authority

    East Penn Railways, Inc. (East Penn), a Class III rail carrier, has 
filed a verified notice of exemption under 49 CFR 1150.41 to lease and 
operate a total of approximately 14.9 miles of rail line owned by 
Southeastern Pennsylvania Transportation Authority, known as the 
Bethlehem Branch, which includes the portion of the Quakertown Line 
extending from MP 30.5+/- at Telford, Montgomery County, PA, and MP 
45.4+/- at Quakertown, Bucks County, PA, and the right to interchange 
with Consolidated Rail Corporation south of MP 30.5+/-. The transaction 
was expected to be consummated on or after September 15, 1997. 
1
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    \1\  Under 49 CFR 1150.41(b), the exemption is effective 7 days 
after the notice is filed. Although applicant indicated that the 
proposed transaction would be consummated on September 8, 1997, the 
notice was not filed until September 8, 1997, and thus the proposed 
transaction could not be consummated before the September 15, 1997 
effective date of the exemption. Counsel for East Penn has 
acknowledged that September 15 was the earliest that the transaction 
could be consummated.
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    If the notice contains false or misleading information, the 
exemption is void ab initio. Petitions to revoke the exemption under 49 
U.S.C. 10502(d) may be filed at any time. The filing of a petition to 
revoke will not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 33456, must be filed with the Surface Transportation 
Board, Office of the Secretary, Case Control Unit, 1925 K Street, N.W., 
Washington, DC 20423-0001 and served on: John K. Fiorilla, Watson, 
Stevens, Fiorilla & Rutter, 390 George Street, P. O. Box 1185, New 
Brunswick, NJ 08903.

    Decided: September 26, 1997.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 97-26311 Filed 10-2-97; 8:45 am]
BILLING CODE 4915-00-P