[Federal Register Volume 75, Number 68 (Friday, April 9, 2010)]
[Notices]
[Page 18253]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-7957]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 35363]


R.J. Corman Railroad Property, LLC--Acquisition Exemption--NC 
Railroad, Inc.

    R.J. Corman Railroad Property, LLC (RJC Railroad Property), a Class 
III rail carrier, has filed a verified notice of exemption under 49 CFR 
1150.41 to acquire by purchase from NC Railroad, Inc. (NCRL), 
approximately 42 route miles of rail line extending from milepost 0.144 
at or near Oneida to milepost 42.0 at or near Devonia, in Scott, 
Campbell, and Anderson Counties, TN.
    This transaction is related to the concurrently filed notice of 
exemption in STB Finance Docket No. 35364, R.J. Corman Railroad 
Company/Bardstown Line--Lease and Operation Exemption--R.J. Corman 
Railroad Property, LLC, wherein R.J. Corman Railroad Company/Bardstown 
Line (RJC Railroad Company) seeks to lease from RJC Railroad Property 
and to operate the line that RJC Railroad Property is purchasing from 
NCRL.
    Based on projected revenues for the line, RJC Railroad Property 
expects to remain a Class III rail carrier after consummation of the 
proposed transaction. RJC Railroad Property certifies that its 
projected revenues as a result of this transaction will not result in 
the creation of a Class II or Class I rail carrier. In addition, RJC 
Railroad Property provides that its projected annual revenues will not 
exceed $5 million.
    RJC Railroad Property states that it intends to consummate the 
transaction on or before April 26, 2010, and that RJC Railroad Company 
will commence operations on behalf of RJC Railroad Property on or about 
the same day. The earliest this transaction may be consummated is April 
25, 2010, the effective date of the exemption (30 days after the 
exemption was filed).
    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. 
Petitions for stay must be filed no later than April 16, 2010 (at least 
7 days before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 35363, must be filed with the Surface Transportation 
Board, 395 E Street, SW., Washington, DC 20423-0001. In addition, one 
copy of each pleading must be served on David R. Irvin and Elizabeth E. 
Darby, Moynahan, Irvin, Mooney & Stansbury, PSC, 110 North Main Street, 
Nicholasville, KY 40356.
    Board decisions and notices are available on our Web site at http://www.stb.dot.gov.

    Decided: April 2, 2010.

    By the Board, Rachel D. Campbell, Director, Office of 
Proceedings.
Kulunie L. Cannon,
Clearance Clerk.
[FR Doc. 2010-7957 Filed 4-8-10; 8:45 am]
BILLING CODE 4915-01-P