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St. Joe Paper Co. v. Atlantic Coast Line R. Co., 347 U.S. 298 (1954)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
St. Joe Paper Co. v. Atlantic Coast Line R. Co., 347 U.S. 298 (1954)
St. Joe Paper Co. v. Atlantic Coast Line Railroad Co. Argued October 15, 1953 Decided April 5, 1954 * 347 U.S. 298
CERTIORARI TO THE COURT OF APPEALS FOR THE FIFTH CIRCUIT
Syllabus
The Interstate Commerce Commission does not have the power under § 77 of the Bankruptcy Act to initiate and submit to a district court a plan of reorganization whereby a debtor railroad would be compelled to merge with another railroad having no prior connection with the debtor. Pp. 299-315.
(a) Subsection b(5) of § 77 of the Bankruptcy Act does not give to the Commission a power which Congress has repeatedly denied to the Commission under the Interstate Commerce Act -- i.e., the power to initiate the merger or consolidation of two independent railroads. Pp. 303-306.
(b) The "consistency" clause of § 77(f) of the Bankruptcy Act incorporates by reference § 5 of the Interstate Commerce Act, as amended, under which a merger of two independent carriers may be approved by the Commission only if it originates as a voluntary proposal by the merging carriers. Pp. 306-310.
201 F.2d 325, reversed.
In a railroad reorganization proceeding under § 77 of the Bankruptcy Act, the Interstate Commerce Commission formulated a plan of reorganization which provided for a forced merger of the debtor railroad and another railroad. 282 I.C.C. 81. The District Court set the plan aside. 103 F. Supp. 825. The Court of Appeals reversed. 201 F.2d 325. This Court granted certiorari. 345 U.S. 948. Reversed and remanded, p. 315.
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Chicago: U.S. Supreme Court, "Syllabus," St. Joe Paper Co. v. Atlantic Coast Line R. Co., 347 U.S. 298 (1954) in 347 U.S. 298 347 U.S. 299. Original Sources, accessed November 25, 2024, http://originalsources.com/Document.aspx?DocID=PF6TA8GVR8BSKKR.
MLA: U.S. Supreme Court. "Syllabus." St. Joe Paper Co. v. Atlantic Coast Line R. Co., 347 U.S. 298 (1954), in 347 U.S. 298, page 347 U.S. 299. Original Sources. 25 Nov. 2024. http://originalsources.com/Document.aspx?DocID=PF6TA8GVR8BSKKR.
Harvard: U.S. Supreme Court, 'Syllabus' in St. Joe Paper Co. v. Atlantic Coast Line R. Co., 347 U.S. 298 (1954). cited in 1954, 347 U.S. 298, pp.347 U.S. 299. Original Sources, retrieved 25 November 2024, from http://originalsources.com/Document.aspx?DocID=PF6TA8GVR8BSKKR.
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