Loading...
HomeMy WebLinkAboutResolution No. 1677 r; Clog RESOLUTION NO. 1, 7 / A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY SUPPORTING A MERGER OF THE CHICAGO, ROCK ISLAND AND PACIFIC RAILROAD COMPANY INTO UNION PACIFIC RAILROAD COMPANY WHEREAS, the Interstate Commerce Commission has pending before it an •--• application in Finance Docket No. 23286 for authority to merge the Chicago, Rock Island and Pacific Railroad Company into Union Pacific Railroad Company; and WHEREAS, said Commission also has pending before it an application in Finance Docket No. 23595 by Southern Pacific Company for authority to purchase from Union Pacific Railroad Company, upon consummation of the foregoing merger, the portion of the present lines of Chicago, Rock Island and Pacific Railroad Company south and west of Kansas City; and WHEREAS, this merger and purchase would result in improved service and the availability of a railroad with greater resources and equipment, and more especially it will place :D`ri.`xi : ear on a single -line, main -line route between the important gateway of Memphis, Tennessee and the west coast, all to the improvement of the economic welfare of the City of o:wm :y , all of which in the "public interest ": NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS FOLLOWS: SECTION 1. That the City Council of the City of Downey does hereby endorse and support such merger and subsequent purchase as proposed in the aforesaid dockets, and the City Council of the City of Downey is authorized to direct to be done everything necessary or desirable to advise the Interstate Commerce Commission of its position, including, but not limited to, the filing of a petition for leave to intervene in support, or the furnishing of a witness or witnesses. SECTION 2. The City Clerk shall certify to the adoption of this resolu- tion. AYPROVED AND ADOPTED this 25th day of January, 1966. Mayor ATTEST: City C1'rk I HEREBY CERTIFY that the foregoing resolution was adopted by the City Council of the City of Downey at a regular meeting held thereof on the 25th day of January, 1966, by the following voe,k ( I AYES : � ° a C L - ,.�-z , v / . Z.e,Z . ,!A- &-- l Lj - •-� NOES: Councilmen: ABSENT: Councilmen: I t, u % ,�, Mayor}