Penn Central Transportation Company: Adequacy of Investor Protection: Hearing, Ninety-first Congress, Second Session, September 24, 1970U.S. Government Printing Office, 1971 - 244 pages |
Common terms and phrases
accepted accounting principles acquire control acquisition affiliated Alleghany Corporation Alleghany's amount application approval authorized capital stock carrier subject Chairman Staggers Committee common stock company subject CONGRESS THE LIBRARY copy debentures DINGELL Erie Exchange Commission filed Finance Docket financial statements fiscal furnished Hamer H holding companies inquiry Interstate Commerce Act Interstate Commerce Commission Investment Company Act investors issuance issuer Item Jones Motor Company jurisdiction KAHN Kirby liabilities LIBRARY OF CONGRESS LISHMAN MACDONALD MATTRAS ment merger motor carrier officers operating rights outstanding PAOLO Penn Central stock Penn Central Transportation Pennsylvania Co Pennsylvania Company percent person POLLACK preferred stock prior proposed prospectus public interest question Railroad Company registration statement regulatory request rules section 5(2 Securities and Exchange shares SMITH stockholders Subcommittee subject to regulation subsidiaries thereof tion trading transaction trust underwriter Wabash Railroad York Stock Exchange
Popular passages
Page 12 - ... (1) to employ any device, scheme, or artifice to defraud, or (2) to obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or (3) to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.
Page 88 - ... actual as well as legal control, whether maintained or exercised through or by reason of the method of or circumstances surrounding organization or operation, through or by common directors, officers or stockholders, a voting trust or trusts, a holdIng or Investment company or companies, or through or by any other direct or Indirect means; and to Include the power to exercise control.
Page 14 - Copies of every material contract not made in the ordinary course of business that is to be performed in whole or in part at or after the filing of the registration statement or that was made not more than two years before such filing and performance of which has not been completed.
Page 168 - ... directly or indirectly, the beneficial owner of 10 percent or more of any class of equity securities, (2) any trust or other estate in which such person has a substantial beneficial interest or as to which such person serves as trustee or in a similar...
Page 96 - ... from the operation of the antitrust laws and of all other restraints, limitations, and prohibitions of law, Federal, State, or municipal, insofar as may be necessary to enable them to carry into effect the transaction so approved...
Page 12 - ... by means of a prospectus or oral communication, which includes an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements, in the light of the circumstances under which they were made, not misleading (the purchaser not knowing of such untruth or omission...
Page 89 - Provided: That if a carrier by railroad subject to this part, or any person which is controlled by such a carrier, or affiliated therewith within the meaning of paragraph (6) , is an applicant in the case of any such proposed transaction involving a motor carrier, the Commission shall not enter such an order unless it finds that the transaction proposed will be consistent with the public interest and will enable such carrier to use service by motor vehicle to public advantage in its operations and...
Page 2 - POWERS AND DUTIES OF COMMITTEES All proposed legislation, messages, petitions, memorials, and other matters relating to the subject listed under the standing committees named below shall be referred to such committees respectively : ******* 12.
Page 238 - Whenever a person which is not a carrier is authorized, by an order entered under paragraph (2), to acquire control of any carrier or of two or more carriers, such person thereafter shall, to the extent provided by the Commission in such order, be considered as a carrier subject to such of the following provisions as are applicable to any carrier involved in such acquisition of control: Section...
Page 16 - ... securities") or to assume any obligation or liability as lessor, lessee, guarantor, indorser, surety, or otherwise, in respect of the securities of any other person, natural or artificial, even though permitted by the authority creating the carrier corporation, unless and until, and then only to the extent that, upon application by the carrier, and after investigation by the Commission of the purposes and uses of the proposed issue and the proceeds thereof, or of the proposed assumption...