Railroad Reorganization: Hearings Before Special Subcommittee on Bankruptcy and Reorganization of the ... on H.R. 2857 ... June 9, 14, 21, 23, 30, July 1, October 11, 12, and 22, 19431943 - 357 halaman |
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amendment amount approved assets bankruptcy bondholders capital structure carriers Chairman Chicago Chicago & North circuit court claims Co.¹ Commission's committee common stock Congress cost court of appeals creditors debt debtor decision depression determination DICK District Court dividends dollars earning power equity fact filed finding fixed charges forecast funded going Haven Railroad hearings Hobbs Bill holders income increase Interstate Commerce Act Interstate Commerce Commission investment investors issue judicial review June KEFAUVER lease lien MCLAUGHLIN MICHENER Milwaukee Mortgage bonds North Western Northern R. R. operating Pacific R. R. percent plan of reorganization preferred stock proceedings public interest question rail railroad credit RAILROAD REORGANIZATION rates receivership Reconstruction Finance Corporation reorganized company revenues road Rock Island section 77 Splawn statute stockholders subcommittee Supreme Court Terre Haute tion ton-miles traffic trustees valuation Western Pacific Western Pacific Railroad Western R. R.
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Halaman 322 - It complies with the provisions of subsection (b) of this section, is fair and equitable, affords due recognition to the rights of each class of creditors and stockholders, does not discriminate unfairly in favor of any class of creditors or stockholders, and will conform to the requirements of the law of the land regarding the participation of the various classes of creditors and stockholders...
Halaman 164 - ... shall provide for fixed charges (including fixed interest on funded debt, interest on unfunded debt, amortization of discount on funded debt, and rent for leased railroads) in such an amount that, after due consideration of the probable prospective earnings of the property in light of its earnings, experience and all other relevant facts, there shall be adequate coverage of such fixed charges by the probable earnings available for the payment thereof...
Halaman 275 - It is required because the enquiry is essentially one of fact and of discretion in technical matters; and uniformity can be secured only if its determination is left to the Commission. Moreover, that determination is reached ordinarily upon voluminous and conflicting evidence, for the adequate appreciation of which acquaintance "with many intricate facts of transportation is indispensable ; and such acquaintance is commonly to be found only in a body of experts.
Halaman 140 - Commission shall give due consideration, among other factors, to the effect of rates on the movement of traffic; to the need, in the public interest, of adequate and efficient railway transportation service at the lowest cost consistent with the furnishing of such service; and to the need of revenues sufficient to enable the carriers, under honest, economical, and efficient management, to provide such service.
Halaman 355 - The judge may direct the debtor or the trustee or trustees to keep such records and accounts, in addition to the accounts prescribed by the Commission, as will permit of such a segregation and allocation, as the necessities of the case may require, of the earnings and expenses between and to the divisions and parts of the railroad or other property of the debtor which are separately subject to the liens of the various mortgages or deeds of trust, or are separately...
Halaman 166 - The criterion of earning capacity is the essential one if the enterprise is to be freed from the heavy hand of past errors, miscalculations or disaster, and if the allocation of securities among the various claimants is to be fair and equitable.
Halaman 347 - After hearing such objections as may be made to the plan, the judge shall confirm the plan if satisfied that (1) it is fair and equitable and does not discriminate unfairly in favor of any class of creditors or stockholders, and is feasible...
Halaman 343 - The value of any property used in railroad operation shall be determined on a basis which will give due consideration to the earning power of the property, past, present, and prospective, and all other relevant facts. In determining such value only such effect shall be given to the present cost of reproduction new and less depreciation and original cost of the property, and the actual investment...
Halaman 319 - ... specific objections in writing to the plan and their claims for equitable treatment. The judge shall, after notice in such manner as he may determine to the debtor, its trustee or trustees, stockholders, creditors, and the Commission, hear all parties in interest in support of, and in opposition to, such objections to the plan and such claims for equitable treatment.
Halaman 319 - ... other corporation or corporations provided for by the plan, shall be free and clear of all claims of the debtor, its stockholders and creditors, except such as may consistently with the provisions of the plan be reserved...