Page:United States Statutes at Large Volume 56 Part 1.djvu/818

 PUBLIC LAWS-CH. 610-OCT. 16, 1942 41 Stat. 494. intent and meaning of section 20a of the Interstate Commerce Act, as amended, and if such corporation is a holding company, controlling two or more carriers, it shall, to the extent provided by the Commis- sion in its order, be subject to such of the provisions of the Interstate Commerce Act as, under the provisions of paragraph (3) of section 54 Stat. 905. 5 thereof, are applicable to a person, not a carrier, authorized by an order entered under paragraph (2) of that section to acquire control of any carrier or two or more carriers. Filing fee. "SEC. 712. The petition shall be accompanied by payment to the clerk of a filing fee of $100, which shall be in addition to the fees required to be collected by the clerk under other sections of this Act or any other Act. Proceedings befour "SEc. 713. Immediately following the filing of the petition, there three-judge court. 36stat. 2. shall be convened a special court of three judges in the manner pro- 28 u. S.C.C vided by section 266, as amended, of the Judicial Code, and there- after all proceedings relative to such plan or any modification thereof Powers of court. shall be conducted before such court. Such three-judge court shall be vested with and shall exercise all the powers of a district court sitting in equity and all the powers as a court of bankruptcy neces- sary to carry out the intent and provisions of this chapter, including the classification of claims at such time and in such manner as the Proiso. court may direct: Provided, however, That any one of the three Authority of asingie nuhoi. judges constituting the special court who may be designated by the special court, may perform all functions, conduct all proceedings. and enter all orders, except that such single judge shall not hold a hearing for approval of a plan as provided in section 720 or for con- firmation of a plan as provided in section 725 or enter the final decree. Any act of a single judge hereby permitted shall be subject to review by the special court on application by any party in interest filed within thirty days after said act or by order of such court on its own motion made within such period of thirty days. miss'ofpetiton. dis "SEC. 714 . The special court, after hearing, promptly shall enter an order approving the petition as properly filed under this chapter if satisfied that such petition complies with this chapter and has been filed in good faith, or dismissing such petition if hot so satisfied. tioner iS petition ap- SEC. 715. If the petitioh is approved by the special court, the said proved. court, during the pendency of the proceedings under this chapter, shall have exclusive jurisdiction of the petitioner and of its prop- erty wherever located to the extent which may be necessary to pro- tect the same against any action which might be inconsistent with said plan of adjustment or might interfere with the effective execu- tion of said plan if approved by the court, or otherwise inconsistent with or contrary to the purposes and provisions of this chapter: Restriions. Provided, however, That nothing herein contained shall be construed to authorize the court to appoint any trustee or receiver for said properties or any part thereof, or otherwise take possession of such properties or control the operation or administration thereof. "ARTICLE IV-HEARINGS Noce to persons in "SE. 720. The special court shall fix a date for a hearing to be held promptly after the filing of the petition and notice of such hearing or hearings shall be given to all persons in interest in such reasonable nterventions manner as the court shall direct. In such proceeding, the court may allow such interventions of persons in interest as it may deem just and proper, but any person in interest shall have the right to present evidence and be heard thereon, in person or by attorney, with or Modifications; l- without intervention. Any person or persons m interest who shall be permitted to intervene or who shall present evidence and be heard 790 [56 STAT.

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