Re: PC:Re:Conrail Split

["Garrett Rea" <Garrett.Rea@xxxxxxxxxxxxxxxx>]

Gents:

Don't you  get a tax break with an LLC?  There are a lot of them here in
Tennessee-  of course this state will go to bed with any company.  Giving
DELL computer over $40 million to come here and the $$ given to the
Oilers......Today they have to balance the budget as they are $400million in
the hole next year- and lay off us state workers and take away our 1% cost
of living raises and then raise taxes in the same vote.....

Anyhow, saw an old coverd hopper (short) with Conrail/NYC marks in town
today, the whole highlight of the day.  Neat about the NS locomotives, too
bad not PC marks on black, or gold PRR, but it is a start....

Garrett


-----Original Message-----
From: alcoman <alcoman -AT- net.bluemoon.net>
To: Kenneth Roble, Jr. <KenRJR -AT- webtv.net>
Cc: penn-central -AT- smellycat.com <penn-central@smellycat.com>
Date: Monday, May 24, 1999 9:43 PM
Subject: Re: PC:Re:Conrail Split


>On Mon, 24 May 1999, Kenneth Roble, Jr. wrote:
>
>>           According to the TRAINS magazine newswire, NS' lines are
>>Pennsylvania Lines LLC a wholly owned subsiderary of Conrail and units
>>going to NS will be sublettered "PRR". Units going to CSX will be
>>sublettered "CSXT" and rolling stock will be leased to CSX with NYC
>>reporting marks. All former Conrail lines going to CSX are NYC Lines
>>LLC. All freight cars not re-lettered NYC will go to NS retaining their
>>reporting marks and paint scheme.
>>
>>  My question is, will CSX and NS actually own the former Conrail lines
>>and assets? Or is this some big lease agreement? And what does LLC stand
>>for?
>
>The answers you are seeking are
>
>1. Yes
>
>2. Limited Liability Corporation...for a definition of what that means I
>dont know...but at least I know what it stands for.  It is a special
>corporation type.  I know, I know not really an answer but ya did ask what
>does LLC stand for. ;-)
>
>
>>
>> Ken R JR
>>
>>
>>
>
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