[Federal Register Volume 63, Number 132 (Friday, July 10, 1998)]
[Notices]
[Page 37441]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-18457]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board
[STB Finance Docket No. 33621]


Stillwater Central Railroad, Inc.--Lease and Operation 
Exemption--the State of Oklahoma by and Through the Oklahoma Department 
of Transportation

    Stillwater Central Railroad, Inc. (SCRR), a noncarrier, has filed a 
verified notice of exemption under 49 CFR 1150.31 to lease from the 
State of Oklahoma by and through the Oklahoma Department of 
Transportation (ODOT) and to operate approximately 124.78 miles of rail 
line. The rail line is located in Oklahoma (1) between Oklahoma City 
(milepost 536.4) and Sapulpa (milepost 438.9), (2) between Pawnee 
Junction (milepost 8.46) and Stillwater (milepost 30.74), and (3) 
between Midwest City (milepost 2.9) (EPS 15944+14) and the end of the 
track (milepost 7.9) (EPS 16204+29). The Burlington Northern and Santa 
Fe Railway Company (BNSF) currently operates the line under retained 
unconditional freight service easements.1 Following the 
acquisition by ODOT and the lease and operation transaction by SCRR 
will become a Class III rail carrier and BNSF's easements and common 
carrier authority will terminate.2
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    \1\ ODOT has acquired the assets subject to these easements.
    \2\ SCRR states its projected revenues as a result of this 
transaction will not result in its becoming a Class II or Class I 
rail carrier.
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    The transaction was scheduled to be consummated on or shortly after 
June 19, 1998.
    This transaction is related to two simultaneously filed notice of 
exemptions: (1) STB Finance Docket No. 33619, Richard B. Webb and Susan 
K. Lundy--Continuance in Control Exemption--Stillwater Central 
Railroad, Inc., wherein Richard B. Webb and Susan K. Lundy will 
continue in control of SCRR, upon its becoming a Class III rail 
carrier, and (2) STB Finance Docket No. 33620, State of Oklahoma by and 
through the Oklahoma Department of Transportation--Acquisition 
Exemption--The Burlington Northern and Santa Fe Railway Company, 
wherein ODOT seeks to acquire the rail lines owned by BNSF and lease 
the rail lines to SCRR to operate.
    If the verified 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. 33621, 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 Karl Morell, Esq., BALL JANIK, LLP, 1455 F Street, N.W., 
Suite 225, Washington, DC 20005.
    Board decisions and notices are available on our website at 
``WWW.STB.DOT.GOV.''

    Decided: July 1, 1998.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 98-18457 Filed 7-9-98; 8:45 am]
BILLING CODE 4915-00-P