[Federal Register Volume 62, Number 249 (Tuesday, December 30, 1997)]
[Notices]
[Page 67937]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-33858]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board
[STB Finance Docket No. 33516]


Illinois Railnet, Inc.; Acquisition and Operation Exemption--The 
Burlington Northern and Santa Fe Railway Company

    Illinois Railnet, Inc. (IR), a noncarrier, has filed a verified 
notice of exemption under 49 CFR 1150.31 to acquire from The Burlington 
Northern and Santa Fe Railway Company (BNSF) and to operate 
approximately 56.67 miles of rail line between milepost 40.73, near 
Montgomery, and milepost 97.40, at Streator, in Kendall and LaSalle 
Counties, IL. In addition, IR will acquire for a 99-year period 
incidental overhead trackage rights from BNSF between milepost 40.73, 
near Montgomery, and milepost 33.4, near Eola, including operations 
over tracks 1, 2, and 3 in the Sheep Yard near milepost 40.0, in the 
vicinity of Montgomery and over all tracks in the Eola rail 
yard.1
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    \1\ On December 11, 1997, a petition to stay operation of the 
exemption filed by IR was filed by Joseph C. Szabo, on behalf of 
United Transportation Union-Illinois Legislative Board. The petition 
for stay was denied by the Board in Illinois Railnet, Inc.--
Acquisition and Operation Exemption--The Burlington Northern and 
Santa Fe Railway Company, STB Finance Docket No. 33516 (STB served 
Dec. 16, 1997).
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    The earliest the transaction could be consummated was December 9, 
1997, the effective date of the exemption (7 days after the exemption 
was filed).
    This transaction is related to STB Finance Docket No. 33517, North 
American Railnet, Inc.--Continuance in Control Exemption--Illinois 
Railnet, Inc., wherein North American Railnet, Inc. has concurrently 
filed a verified notice to continue in control of IR upon its becoming 
a Class III rail carrier.
    If the verified notice contains false or misleading information, 
the exemption is void ab initio. Petitions to reopen the proceeding 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. 33516, must be filed with the Surface Transportation 
Board, Office of the Secretary, Case Control Unit, 1925 K Street, N.W., 
Washington, DC 20423-0001. In addition, a copy of each pleading must be 
served on John D. Heffner, Rea, Cross & Auchincloss, 1920 N Street, 
N.W., Suite 420, Washington, DC 20036.

    Decided: December 16, 1997.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 97-33858 Filed 12-29-97; 8:45 am]
BILLING CODE 4915-00-P