New Orleans & Gulf Coast Railway CompanyAcquisition Exemption New Orleans Lower Coast Railroad Company, Inc.

[Federal Register Volume 64, Number 81 (Wednesday, April 28, 1999)]
[Notices]
[Page 22898]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-10416]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board
[STB Finance Docket No. 33736]


New Orleans & Gulf Coast Railway Company--Acquisition Exemption--
New Orleans Lower Coast Railroad Company, Inc.

    New Orleans & Gulf Coast Railway Company (NOGC),\1\ a noncarrier, 
has filed a verified notice of exemption under 49 CFR 1150.31 to 
acquire from New Orleans Lower Coast Railroad Company, Inc. (NOLR), 
23.688-miles of rail line currently owned and operated by NOLR, between 
milepost 0.312 at Gouldsboro Yard, LA, and milepost 24.0 at Myrtle 
Grove, LA.\2\
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    \1\ NOGC will be the exclusive operator of the rail line.
    \2\ NOGC states that its projected revenues will not exceed 
those that would qualify it as a Class III rail carrier and its 
revenues are not projected to exceed $5 million.
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    The transaction was scheduled to be consummated on or shortly after 
April 15, 1999.
    This transaction is related to STB Finance Docket No. 33737, Rio 
Grande Pacific Corporation--Continuance in Control Exemption--New 
Orleans & Gulf Coast Railway Company, wherein Rio Grande Pacific 
Corporation will continue in control of NOGC, upon its becoming a Class 
III rail carrier.
    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 does not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 33736, must be filed with the Surface Transportation 
Board, Office of the Secretary, Case Control Unit, 1925 K Street, NW, 
Washington, DC 20423-0001. In addition, a copy of each pleading must be 
served on Karl Morrell, Esq., Ball Janik LLP, 1455 F Street, NW, Suite 
225, Washington, DC 20005.
    Board decisions and notices are available on our website at 
``WWW.STB.DOT.GOV.''

    Decided: April 20, 1999.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 99-10416 Filed 4-27-99; 8:45 am]
BILLING CODE 4915-00-P