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45 U.S.C. § 1104 — Definitions

Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 1104 — Definitions

Page 242 TITLE 45—RAILROADS § 1104 section referred to as ‘‘nonagreement per- sonnel’’) should forego wage increases and ben- efits in an amount proportionately equivalent to the amount foregone by agreement employ- ees pursuant to paragraph (4) of this section, adjusted annually to reflect inflation. (B) After May 1, 1981, the number of non- agreement personnel should be reduced pro- portionately to any reduction in agreement employees (excluding reductions pursuant to the termination program under section 797a of this title). (2) Suppliers To facilitate the orderly movement of goods in interstate commerce, materials and serv- ices should continue to be available to Con- rail, under normal business practices, includ- ing the provision of credit and normal financ- ing arrangements. (3) Shippers Conrail should utilize the revenue opportu- nities available to it under the Staggers Rail Act of 1980 and subtitle IV of title 49. (4) Agreement employees (A) Conrail should enter into collective bar- gaining agreements with its employees which would reduce Conrail’s costs in an amount equal to $200,000,000 a year, beginning April 1, 1981, adjusted annually to reflect inflation. (B) Agreements under this subparagraph may provide for reductions in wage increases and for changes in fringe benefits common to agreement employees, including vacations and holidays. (C) The cost reductions required under this subparagraph in the first year of the agree- ment may be deferred, but the aggregate cost reductions should be no less than an average of $200,000,000 per year for each of the first three one-year periods beginning April 1, 1981. (D) The amount of cost reductions provided under this paragraph shall be calculated by subtracting the cost of an agreement

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Page 242 TITLE 45—RAILROADS § 1104 section referred to as ‘‘nonagreement per- sonnel’’) should forego wage increases and ben- efits in an amount proportionately equivalent to the amount foregone by agreement employ- ees pursuant to paragraph (4) of this section, adjusted annually to reflect inflation. (B) After May 1, 1981, the number of non- agreement personnel should be reduced pro- portionately to any reduction in agreement employees (excluding reductions pursuant to the termination program under section 797a of this title). (2) Suppliers To facilitate the orderly movement of goods in interstate commerce, materials and serv- ices should continue to be available to Con- rail, under normal business practices, includ- ing the provision of credit and normal financ- ing arrangements. (3) Shippers Conrail should utilize the revenue opportu- nities available to it under the Staggers Rail Act of 1980 and subtitle IV of title 49. (4) Agreement employees (A) Conrail should enter into collective bar- gaining agreements with its employees which would reduce Conrail’s costs in an amount equal to $200,000,000 a year, beginning April 1, 1981, adjusted annually to reflect inflation. (B) Agreements under this subparagraph may provide for reductions in wage increases and for changes in fringe benefits common to agreement employees, including vacations and holidays. (C) The cost reductions required under this subparagraph in the first year of the agree- ment may be deferred, but the aggregate cost reductions should be no less than an average of $200,000,000 per year for each of the first three one-year periods beginning April 1, 1981. (D) The amount of cost reductions provided under this paragraph shall be calculated by subtracting the cost of an agreement entered into under this paragraph from (i) the cost that would otherwise result from the applica- tion of the national agreement reached by railroad industry and its employees, or (ii) until such national agreement is reached, the cost which the United States Railway Associa- tion estimates would result from the applica- tion of such a national agreement. (Pub. L. 97–35, title XI, § 1134, Aug. 13, 1981, 95 Stat. 645.) Editorial Notes REFERENCES IN TEXT This subtitle, referred to in text, is subtitle E (§§ 1131–1169) of title XI of Pub. L. 97–35, Aug. 13, 1981, 95 Stat. 643, known as the Northeast Rail Service Act of 1981. For complete classification of this subtitle to the Code, see Short Title note set out under section 1101 of this title and Tables. The Staggers Rail Act of 1980, referred to in par. (3), is Pub. L. 96–448, Oct. 14, 1980, 94 Stat. 1895. For com- plete classification of this Act to the Code, see Short Title of 1980 Amendment note set out under section 10101 of Title 49, Transportation, and Tables. Statutory Notes and Related Subsidiaries ABOLITION OF UNITED STATES RAILWAY ASSOCIATION AND TRANSFER OF FUNCTIONS AND SECURITIES See section 1341 of this title. § 1104. Definitions As used in this subtitle, unless the context otherwise requires, the term: (1) ‘‘Amtrak’’ means the National Railroad Passenger Corporation created under chapter 243 of title 49. (2) ‘‘Commission’’ means the Interstate Commerce Commission. (3) ‘‘Commuter authority’’ means any State, local, or regional authority, corporation, or other entity established for purposes of pro- viding commuter service, and includes the Metropolitan Transportation Authority, the Connecticut Department of Transportation, the Maryland Department of Transportation, the Southeastern Pennsylvania Transpor- tation Authority, the New Jersey Transit Cor- poration, the Massachusetts Bay Transpor- tation Authority, the Port Authority Trans- Hudson Corporation, any successor agencies, and any entity created by one or more such agencies for the purpose of operating, or con- tracting for the operation of, commuter serv- ice. (4) ‘‘Commuter service’’ means short-haul rail passenger service operated in metropoli- tan and suburban areas, whether within or across the geographical boundaries of a State, usually characterized by reduced fare, mul- tiple-ride, and commutation tickets, and by morning and evening peak period operations. (5) ‘‘Conrail’’ means the Consolidated Rail Corporation created under title III of the Re- gional Rail Reorganization Act of 1973 (45 U.S.C. 741 et seq.). (6) ‘‘Rail carrier’’ means a common carrier engaged in interstate or foreign commerce by rail subject to subtitle IV of title 49. (7) ‘‘Secretary’’ means the Secretary of Transportation. (8) ‘‘Special court’’ means the judicial panel established under section 209(b)(1) of the Re- gional Rail Reorganization Act of 1973 (45 U.S.C. 719(b)(1)) or, with respect to any pro- ceedings that arise or continue after the panel is abolished pursuant to section 209(b)(2) of such Act [45 U.S.C. 719(b)(2)], the United States District Court for the District of Co- lumbia. (Pub. L. 97–35, title XI, § 1135(a), Aug. 13, 1981, 95 Stat. 645; Pub. L. 104–317, title VI, § 605(c)(3), Oct. 19, 1996, 110 Stat. 3859.) Editorial Notes REFERENCES IN TEXT This subtitle, referred to in text, is subtitle E (§§ 1131–1169) of title XI of Pub. L. 97–35, Aug. 13, 1981, 95 Stat. 643, known as the Northeast Rail Service Act of 1981. For complete classification of this subtitle to the Code, see Short Title note set out under section 1101 of this title and Tables. The Regional Rail Reorganization Act of 1973, re- ferred to in par. (5), is Pub. L. 93–236, Jan. 2, 1974, 87 Stat. 985. Title III of the Regional Rail Reorganization Act of 1973 is classified generally to subchapter III (§ 741 Page 243 TITLE 45—RAILROADS § 1105 et seq.) of chapter 16 of this title. For complete classi- fication of this Act to the Code, see Short Title note set out under section 701 of this title and Tables. CODIFICATION In par. (1), ‘‘chapter 243 of title 49’’ substituted for ‘‘title III of the Rail Passenger Service Act (45 U.S.C. 541 et seq.)’’ on authority of Pub. L. 103–272, § 6(b), July 5, 1994, 108 Stat. 1378, the first section of which enacted subtitles II, III, and V to X of Title 49, Transportation. AMENDMENTS 1996—Par. (8). Pub. L. 104–317 amended par. generally. Prior to amendment, par. read as follows: ‘‘ ‘Special court’ means the judicial panel established under sec- tion 209 of the Regional Rail Reorganization Act of 1973 (45 U.S.C. 719).’’ Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1996 AMENDMENT Amendment by Pub. L. 104–317 effective 90 days after Oct. 19, 1996, and except as otherwise provided, applica- ble proceedings that arise or continue after such effec- tive date, see section 605(e) of Pub. L. 104–317, set out as a note under section 719 of this title. ABOLITION OF INTERSTATE COMMERCE COMMISSION AND TRANSFER OF FUNCTIONS Interstate Commerce Commission abolished and func- tions of Commission transferred, except as otherwise provided in Pub. L. 104–88, to Surface Transportation Board effective Jan. 1, 1996, by section 1302 of Title 49, Transportation, and section 101 of Pub. L. 104–88, set out as a note under section 1301 of Title 49. References to Interstate Commerce Commission deemed to refer to Surface Transportation Board, a member or employee of the Board, or Secretary of Transportation, as appro- priate, see section 205 of Pub. L. 104–88, set out as a note under section 1301 of Title 49. § 1105. Judicial review (a) Special court; exclusive jurisdiction for civil actions Notwithstanding any other provision of law, the special court shall have original and exclu- sive jurisdiction over any civil action— (1) for injunctive, declaratory, or other relief relating to the enforcement, operation, execu- tion, or interpretation of any provision of or amendment made by this subtitle or part 2 of the Conrail Privatization Act [45 U.S.C. 1311 et seq.], or administrative action taken there- under to the extent such action is subject to judicial review; (2) challenging the constitutionality of any provision of or amendment made by this sub- title or part 2 of the Conrail Privatization Act [45 U.S.C. 1311 et seq.]; (3) to obtain, inspect, copy, or review any document in the possession or control of the Secretary, Conrail, the United States Railway Association, or Amtrak that would be discov- erable in litigation under any provision of or amendment made by this subtitle or part 2 of the Conrail Privatization Act [45 U.S.C. 1311 et seq.]; or (4) seeking judgment upon any claim against the United States founded upon the Constitu- tion and resulting from the operation of any provision of or amendment made by this sub- title or part 2 of the Conrail Privatization Act [45 U.S.C. 1311 et seq.]. (b) Appeal An order or judgment of the United States District Court for the District of Columbia in any action referred to in this section shall be re- viewable in accordance with sections 1291, 1292, and 1294 of title 28. (c) Scope of review of administrative actions Administrative action under the provisions of or amendments made by this subtitle or part 2 of the Conrail Privatization Act [45 U.S.C. 1311 et seq.] which is subject to review shall be upheld unless such action is found to be unlaw- ful under standards established for review of in- formal agency action under paragraphs (2)(A), (B), (C), and (D) of section 706 of title 5. The re- quirements of this subtitle or part 2 of the Con- rail Privatization Act [45 U.S.C. 1311 et seq.], as the case may be, shall constitute the exclusive procedures required by law for such administra- tive action. (Pub. L. 97–35, title XI, § 1152, Aug. 13, 1981, 95 Stat. 676; Pub. L. 99–509, title IV, § 4033(c)(1)(A), Oct. 21, 1986, 100 Stat. 1908; Pub. L. 100–352, § 6(f), June 27, 1988, 102 Stat. 664; Pub. L. 104–317, title VI, § 605(b)(3), (c)(4), Oct. 19, 1996, 110 Stat. 3859.) Editorial Notes REFERENCES IN TEXT This subtitle, referred to in subsecs. (a) and (c), is subtitle E (§§ 1131–1169) of title XI of Pub. L. 97–35, Aug. 13, 1981, 95 Stat. 643, known as the Northeast Rail Serv- ice Act of 1981. For complete classification of this sub- title to the Code, see Short Title note set out under section 1101 of this title and Tables. The Conrail Privatization Act, referred to in subsecs. (a) and (c), is subtitle A (§§ 4001–4052) of title IV of Pub. L. 99–509, Oct. 21, 1986, 100 Stat. 1892. Part 2 of that Act is classified principally to subchapter II (§ 1311 et seq.) of chapter 22 of this title. For complete classification of this Act to the Code, see Short Title note set out under section 1301 of this title and Tables. AMENDMENTS 1996—Subsec. (b). Pub. L. 104–317, § 605(b)(3), added heading and text of subsec. (b) and struck out former subsec. (b) which read as follows: ‘‘A judgment of the special court in any action referred to in this section shall be reviewable only upon petition for a writ of cer- tiorari to the Supreme Court of the United States. Such review is exclusive and any such petition shall be filed in the Supreme Court not more than 20 days after entry of such order or judgment.’’ Subsec. (d). Pub. L. 104–317, § 605(c)(4), struck out sub- sec. (d) which read as follows: ‘‘If the volume of civil actions under subsection (a) of this section so requires, the United States Railway Association shall apply to the judicial panel on multi-district litigation author- ized by section 1407 of title 28 for the assignment of ad- ditional judges to the special court. Within 30 days after the date of such application, the panel shall as- sign to the special court such additional judges as may be necessary to exercise the jurisdiction described in subsection (a) of this section.’’ 1988—Subsec. (b). Pub. L. 100–352 struck out ‘‘, except that any order or judgment enjoining the enforcement, or declaring or determining the unconstitutionality or invalidity, of any provision of this subtitle shall be re- viewable by direct appeal to the Supreme Court of the United States’’ at end of first sentence and substituted ‘‘such petition shall be filed in the Supreme Court’’ for ‘‘petition or appeal shall be filed’’ in second sentence. 1986—Subsecs. (a), (b). Pub. L. 99–509, § 4033(c)(1)(A)(i), inserted ‘‘or part 2 of the Conrail Privatization Act’’ after ‘‘subtitle’’ wherever appearing. Subsec. (c). Pub. L. 99–509, § 4033(c)(1)(A), inserted ‘‘or part 2 of the Conrail Privatization Act’’ after ‘‘sub- title’’ in first sentence and ‘‘or part 2 of the Conrail

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 1104 — Definitions

As used in this subtitle, unless the context otherwise requires, the term: (1) “Amtrak” means the National Railroad Passenger Corporation created under chapter 243 of title 49. (2) “Commission” means the Interstate Commerce Commission. (3) “Commuter authority” means any State, local, or regional authority, corporation, or other entity established for purposes of providing commuter service, and includes the Metropolitan Transportation Authority, the Connecticut Department of Transportation, the Maryland Department of Transportation, the Southeastern Pennsylvania Transportation Authority, the New Jersey Transit Corporation, the Massachusetts Bay Transportation Authority, the Port Authority Trans-Hudson Corporation, any successor agencies, and any entity created by one or more such agencies for the purpose of operating, or contracting for the operation of, commuter service. (4) “Commuter service” means short-haul rail passenger service operated in metropolitan and suburban areas, whether within or across the geographical boundaries of a State, usually characterized by reduced fare, multiple-ride, and commutation tickets, and by morning and evening peak period operations. (5) “Conrail” means the Consolidated Rail Corporation created under title III of the Regional Rail Reorganization Act of 1973 ([45 U.S.C. 741](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section741&num=0&edition=prelim) et seq.). (6) “Rail carrier” means a common carrier engaged in interstate or foreign commerce by rail subject to subtitle IV of title 49. (7) “Secretary” means the Secretary of Transportation. (8) “Special court” means the judicial panel established under section 209(b)(1) of the Regional Rail Reorganization Act of 1973 ([45 U.S.C. 719(b)(1)](https://uscode.

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 1311 — Preparation for public offering

**(a) Public offering managers** (1) Not later than 30 days after October 21, 1986, the Secretary of Transportation, in consultation with the Secretary of the Treasury and the Chairman of the Board of Directors of the Corporation, shall retain the services of investment banking firms to serve jointly and be compensated equally as co-lead managers of the public offering (hereafter in this part referred to as the “co-lead managers”) and to establish a syndicate to underwrite the public offering. The total number of co-lead managers shall be no fewer than 4 nor greater than 6. The Secretary shall designate one co-lead manager to coordinate and administer the public offering. (2) In selecting the investment banking firms to serve as co-lead managers of the public offering under paragraph (1), consideration shall be given to the firm’s institutional and retail distribution capabilities, financial strength, knowledge of the railroad industry, experience in large scale public offerings, research capability, and reputation. In addition, recognition shall also be given to contributions made by particular investment banking firms before October 21, 1986, in demonstrating and promoting the long-term financial viability of the Corporation. **(b) Payment to United States** (1) Not later than 30 days after October 21, 1986, the Corporation shall transfer to the Secretary of the Treasury $200,000,000. (2) On or before February 1, 1987, or 30 days before the sale date, whichever occurs first, the Secretary of Transportation shall determine whether to require the Corporation to transfer to the Secretary of the Treasury, in addition to amounts transferred under paragraph (1), not to exceed $100,000,000, taking into account the viability of the Corporation. The Corporation shall tran

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 1311 — Preparation for public offering

Page 262 TITLE 45—RAILROADS § 1311 (4) the term ‘‘consolidated tangible net worth’’ means the market value of the com- mon equity of the Corporation as of the sale date, plus or minus the change from the sale date to the date of measurement in the excess, after making appropriate deductions for any minority interest in the net worth of subsidi- aries, of— (A) the assets of the Corporation and its subsidiaries (excluding intercompany items) which, in accordance with generally accept- ed accounting principles, are tangible assets, after deducting adequate reserves in each case where, in accordance with generally ac- cepted accounting principles, a reserve is proper, over (B) all liabilities of the Corporation and its subsidiaries (excluding intercompany items), taking into account inventory and securities on the basis of the cost or current market value, whichever is lower, and not taking into account patents, trademarks, trade names, copyrights, licenses, goodwill, treasury stock, or any write-up in the book value of any as- sets; (5) the term ‘‘Corporation’’ means the Con- solidated Rail Corporation; (6) the term ‘‘cumulative net income’’ means, for any period, the net income of the Corporation and its consolidated subsidiaries as determined in accordance with generally accepted accounting principles, before provi- sion for expenses (net of income tax effect) re- lated to— (A) amounts paid by the Corporation under section 4024(e), and comparable payments made to present and former employees of the Corporation not covered by such section; and (B) the aggregate value of any shares and cash distributed by the Corporation under section 4024(f); (7) the term ‘‘debt’’ means (A) indebtedness, whether or not represented by bonds, deben- tures, note

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 541 — Untitled legal text

Page 148 TITLE 45—RAILROADS §§ 501 to 502 Pub. L. 96–470, title II, § 209(a), Oct. 19, 1980, 94 Stat. 2245; Pub. L. 100–342, § 12, June 22, 1988, 102 Stat. 630, re- lated to annual report by Secretary of Transportation on administration of this subchapter. See section 20116 of Title 49. Section 441, Pub. L. 91–458, title II, § 212, as added Pub. L. 96–423, § 10, Oct. 10, 1980, 94 Stat. 1815; amended Pub. L. 100–342, § 5, June 22, 1988, 102 Stat. 627; Pub. L. 102–365, § 5(b), Sept. 3, 1992, 106 Stat. 975, related to protection and rights of railroad employees. See section 20109 of Title 49. A prior section 441, Pub. L. 91–458, title II, § 212, Oct. 16, 1970, 84 Stat. 977; Pub. L. 93–90, § 2, Aug. 14, 1973, 87 Stat. 305; Pub. L. 93–633, title II, § 205, Jan. 3, 1975, 88 Stat. 2166; Pub. L. 94–56, § 3, July 19, 1975, 89 Stat. 263; Pub. L. 94–348, § 2(a), July 8, 1976, 90 Stat. 817; Pub. L. 95–574, § 2, Nov. 2, 1978, 92 Stat. 2459, authorized appro- priations to carry out this chapter, prior to repeal by Pub. L. 96–423, § 2, Oct. 10, 1980, 94 Stat. 1811. Section 442, Pub. L. 95–574, § 3, Nov. 2, 1978, 92 Stat. 2459, related to limitations on funding for railroad re- search and development programs. See section 20117 of Title 49, Transportation. Section 443, Pub. L. 91–458, title II, § 213, as added Pub. L. 96–423, § 11, Oct. 10, 1980, 94 Stat. 1816, related to pay classifications of railroad safety inspectors and rail- road safety specialists. See section 5109(c) of Title 5, Government Organization and Employees. Section 444, Pub. L. 91–458, title II, § 214, as added Pub. L. 96–423, § 2, Oct. 10, 1980, 94 Stat. 1811; amended Pub. L. 97–35, title XI, § 1195, Aug. 13, 1981, 95 Stat. 702; Pub. L. 97–468, title VII, § 703, Jan. 14, 1983, 96 Stat. 2580

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 719 — Judicial review

**(a) General** Notwithstanding any other provision of law, the final system plan which is adopted by the Association and which becomes effective after review by the Congress is not subject to review by any court except in accordance with this section. After the final system plan becomes effective under [section 718 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section718&num=0&edition=prelim), it may be reviewed with respect to matters concerning the value of the rail properties to be conveyed under the plan and the value of the consideration to be received for such properties. **(b) Special court** (1) Within 30 days after January 2, 1974, the Association shall make application to the judicial panel on multi-district litigation authorized by [section 1407 of title 28](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title28-section1407&num=0&edition=prelim) for the consolidation in a single, three-judge district court of the United States of all judicial proceedings with respect to the final system plan. Within 30 days after such application is received, the panel shall make the consolidation in a district court (cited herein as the “special court”) which the panel determines to be convenient to the parties and the one most likely to be able to conduct any proceedings under this section with the least delay and the greatest possible fairness and ability. Such proceedings shall be conducted by the special court which shall be composed of three Federal judges who shall be selected by the panel, except that none of the judges selected may be a judge assigned to a proceeding involving any railroad in reorganization in the region under section 77 of the Bankruptcy Act. The special court is authorized to exercise the power

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 719 — Judicial review

Page 169 TITLE 45—RAILROADS § 719 1 See Codification note below. to Committee on Transportation and Infrastructure of House of Representatives, in case of provisions of law relating to railroads, railway labor, or railroad retire- ment and unemployment, by section 1(c)(1) of Pub. L. 104–14, set out as a note preceding section 21 of Title 2, The Congress. Committee on Commerce of the Senate abolished and replaced by Committee on Commerce, Science, and Transportation of the Senate, effective Feb. 11, 1977. See Rule XXV of Standing Rules of the Senate, as amended by Senate Resolution No. 4 (popularly cited as the ‘‘Committee System Reorganization Amendments of 1977’’), approved Feb. 4, 1977. ABOLITION OF SPECIAL COURT, REGIONAL RAIL REORGA- NIZATION ACT OF 1973, AND TRANSFER OF FUNCTIONS Special court abolished and all jurisdiction and func- tions transferred to United States District Court for District of Columbia, see section 719(b)(2) of this title. ABOLITION OF UNITED STATES RAILWAY ASSOCIATION AND TRANSFER OF FUNCTIONS AND SECURITIES See section 1341 of this title. APPLICABILITY OF NATIONAL ENVIRONMENTAL POLICY ACT Application of National Environmental Policy Act to actions of Commission not affected by title VI of Pub. L. 94–210, see section 619 of Pub. L. 94–210, set out as a note under section 791 of this title. § 719. Judicial review (a) General Notwithstanding any other provision of law, the final system plan which is adopted by the Association and which becomes effective after review by the Congress is not subject to review by any court except in accordance with this sec- tion. After the final system plan becomes effec- tive under section 718 of this title, it may be re- viewed with respect to matters concerning the value of the r

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 741 — Formation and structure

**(a) Establishment** There shall be established within 300 days after January 2, 1974, in accordance with the provisions of this section, a corporation to be known as the Consolidated Rail Corporation or such other corporate name as may be duly adopted by the Corporation. **(b) Status** The Corporation shall be a for-profit corporation established under the laws of a State and shall not be an agency or instrumentality of the Federal Government. The Corporation shall be deemed a rail carrier subject to part A of subtitle IV of title 49, shall be subject to the provisions of this Act and, to the extent not inconsistent with such Act and subtitle IV of title 49, shall be subject to applicable State law. The principal office of the Corporation or of its principal railroad operating subsidiary shall be located in Philadelphia in the Commonwealth of Pennsylvania. **(c) Incorporators** (1) The members of the executive committee of the Association shall be the incorporators of the Corporation and shall take whatever steps are necessary to establish the Corporation, including the filing of articles of incorporation. (2) Notwithstanding any provision of State law, after February 5, 1976, the members of the executive committee of the Association (including duly authorized representatives of members who are authorized by this chapter to be represented) and the chief executive officer and chief operating officer of the Corporation shall adopt the bylaws of the Corporation and serve as the Board of Directors of the Corporation until all members of the Board of Directors of the Corporation have been selected in accordance with subsection (d) of this section. The chief executive officer shall serve as chairman of such Board until a chairman thereof is selected pursuant to subsecti

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 741 — Formation and structure

Page 188 TITLE 45—RAILROADS § 741 1 So in original. Probably should be section ‘‘719(c)(3)’’. riod beginning on the date of their establishment, un- less, in the case of a board established by the President or an officer of the Federal Government, such board is renewed by appropriate action prior to the expiration of such 2-year period, or in the case of a board estab- lished by the Congress, its duration is otherwise pro- vided for by law. See sections 1001(2) and 1013 of Title 5, Government Organization and Employees. SUBCHAPTER III—CONSOLIDATED RAIL CORPORATION § 741. Formation and structure (a) Establishment There shall be established within 300 days after January 2, 1974, in accordance with the provisions of this section, a corporation to be known as the Consolidated Rail Corporation or such other corporate name as may be duly adopted by the Corporation. (b) Status The Corporation shall be a for-profit corpora- tion established under the laws of a State and shall not be an agency or instrumentality of the Federal Government. The Corporation shall be deemed a rail carrier subject to part A of sub- title IV of title 49, shall be subject to the provi- sions of this Act and, to the extent not incon- sistent with such Act and subtitle IV of title 49, shall be subject to applicable State law. The principal office of the Corporation or of its prin- cipal railroad operating subsidiary shall be lo- cated in Philadelphia in the Commonwealth of Pennsylvania. (c) Incorporators (1) The members of the executive committee of the Association shall be the incorporators of the Corporation and shall take whatever steps are necessary to establish the Corporation, in- cluding the filing of articles of incorporation. (2) Notwithstanding any provision of State

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