[Federal Register Volume 60, Number 40 (Wednesday, March 1, 1995)]
[Notices]
[Pages 11112-11113]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-5040]



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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32616]


Redmont Railway Company, Inc.--Lease and Operation Exemption--
Certain Lines of Mississippi-Alabama Railroad Authority

    Redmont Railway Company, Inc. (Redmont), a noncarrier, has filed a 
notice of exemption to acquire by lease and to operate a 41.5-mile rail 
line segment owned by Norfolk Southern Railway Company (NS) between 
milepost IC-529.5 at Corinth, MS, and milepost IC-571.0 at Red Bay, 
AL.\1\ [[Page 11113]] Redmont will also acquire incidental trackage 
rights to operate over 2.2 miles of NS's track between NS milepost IC-
529.5 at Corinth and NS milepost IC-527.3 at NS' Corinth Yard.

    \1\Redmont originally filed the notice of exemption on November 
15, 1994. By letter filed December 5, 1994, the Mississippi-Alabama 
Railroad Authority (MARA) requested the Commission to suspend the 
processing of the notice and the concurrently filed related notices 
in Finance Docket Nos. 32615 and 32617. MARA states that counsel for 
Redmont concurred in the request. MARA claimed that it needed to 
meet State requirements following enactment of enabling legislation 
by Alabama and Mississippi authorizing the creation of MARA which it 
states had not been completed at the time the original notice was 
filed. On February 8, 1995, Redmont filed an amended verified notice 
of exemption.
    In a related notice of exemption in Mississippi-Alabama Railroad 
Authority--Acquisition Exemption--Norfolk Southern Railway Company, 
Finance Docket No. 32615, MARA seeks to acquire from NS the 41.5-
mile rail line segment. This 41.5-mile rail line segment is embraced 
within a feeder line application in Sunshine Mills, Inc.--Feeder 
Line Acquisition--Norfolk Southern Railway Company Line Between 
Corinth, MS, and Haleyville, AL, Finance Docket No. 32337. NS and 
MARA state that upon approval of the acquisition transaction, 
Sunshine is expected to request dismissal of the feeder line 
application.
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    This proceeding is related to CAGY Industries, Inc.--Continuance in 
Control Exemption--Redmont Railway Company, Inc., Finance Docket No. 
32617, wherein CAGY Industries, Inc. (CAGY) has concurrently filed a 
notice of exemption to continue in control of Redmont, a wholly owned 
subsidiary of CAGY, upon Redmont becoming a class III rail carrier.\2\ 
The parties intended to consummate the proposed transaction on or after 
February 15, 1995.

    \2\CAGY Industries, Inc., a noncarrier, owns the majority of the 
outstanding stock of Columbus and Greenville Railway Company (C&G) 
and all of the outstanding capital stock of Chattooga & Chickamauga 
Railway Co. (CCKY). The control of these carriers was authorized in 
CAGY Industries, Inc.--Control Exemption--Chattooga & Chickamauga 
Railway Co., Finance Docket No. 31422 (ICC served June 12, 1989).
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    Any comments must be filed with the Commission and served on: Eric 
M. Hocky, 213 West Miner Street, P.O. Box 796, West Chester, PA 19381-
0796.
    This notice is filed under 49 CFR 1150.31. If the notice contains 
false or misleading information, the exemption is void ab initio. 
Petitions to revoke the exemption under 49 U.S.C. 10505(d) may be filed 
at any time. The filing of a petition to revoke will not automatically 
stay the transaction.

    Decided: February 17, 1995.

    By the Commission, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 95-5040 Filed 2-28-95; 8:45 am]
BILLING CODE 7035-01-P