Page:United States Statutes at Large Volume 90 Part 1.djvu/336

 90 STAT. 286

PUBLIC LAW 94-248—MAR. 25, 1976

Public Law 94-248 94th Congress Joint Resolution Mar. 25, 1976 [S.J. Res. 184] Regional Rail Reorganization Act of 1973, amendments. 45 USC 702. Ante, p. 104. 45 USC 746. eommon stock shares. 45 USC 746.

45 USC 743.

45 USC 741.

45 USC 719.

45 USC 771. 45 USC 718.

To amend the Regional Rail Reorganization Act of 1973, as amended. Resolved by the /Senate and House of Representatives of the United /States of America in Congress assembled, That section 102(3) of the Regional Rail Reorganization Act of 1973, as amended, is amended by inserting after " Act " the phrase "or its successor by merger, consolidation or other form of succession carried out under applicable law for the purpose of changing the State of its incorporation". SEC. 2. Subparagraph (A) of paragraph (3) of section 306(c) of the Regional Rail Reorganization Act of 1973, as amended, is amended by striking "without regard to " and by inserting in lieu thereof "adjusted to reflect". SEC. 3. Subparagraph (B) of paragraph (3) of section 306(c) of the Regional Rail Reorganization Act of 1973, as amended, is amended to read as follows: " (B) the number of shares of common stock determined by dividing the total number of shares of common stock distributed pursuant to section 3 0 3 (c)(4) of this Act to the transferor receiving such series of certificates of value (adjusted to reflect any stock splits, stock combinations, reclassifications, or similar transactions afl^ecting the number of shares of outstanding common stock following the date of distribution pursuant to section 303(c)(4) of this title) by the total number of certificates of value in the series so distributed to such transferor.". SEC. 4. Paragraph (2) of subsection (e) of section 301 of the Regional Rail Reorganization Act of 1973, as amended, is amended by adding thereto the following sentence: "Notwithstanding anything to the contrary in the final system plan, the initial authorized number of shares of series B preferred stock may be 35,000,000, and the Corporation may issue initially for the purpose of the deposit required under section 303(a)(1) of this Act such numbers of shares of series B preferred and common stock as the Association shall certify to the Special Court pursuant to section 209(c)(1)(3) of this Act, including any modifications in such numbers of shares as may be ordered by the Special Court for the purpose of, and in connection with, such deposit and certification.". SEC. 5. Section 501(2) of the Regional Rail Reorganization Act of 1973, as amended, is amended by striking "or to an acquiring railroad" and inserting in lieu thereof ", to an acquiring railroad, o r to a State pursuant to section 208(d)(2) of this Act". Approved March 25, 1976.

LEGISLATIVE HISTORY: CONGRESSIONAL RECORD, Vol. 122 (1976): Mar. 18, considered and passed Senate. Mar. 22, considered and passed House.

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