HomeMy WebLinkAboutReso 3163-1961RESOLUTION NO. 3163
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTH SAN FRANCISCO
SUPPORTING SOUTHERN PACIFIC COMPANY'S APPLICATION TO THE INTERSTATE
COMMERCE COMMISSION FOR ACQUISITION OF STOCK CONTROL OF THE WESTERN
PACIFIC RAILROAD COMPANY.
WHEREAS, Southern Pacific Company has applied to the Interstate Commerce Commission
for permission to acquire stack control of The Western Pacific Railroad Company;and ~
WHEREAS, this stock control will permit substantial savings to both railroads
through joint use of facilities and the elimination of much wasteful duplication; and
WHEREAS, the resultant savings will enhance the ability ofboth railroads to move
forward with plant and equipment improvements of benefit to the shipping public; and
WHEREAS, controls exercised by the Interstate Commerce Commission and competition
from other forms of transportation will adequately protect the public interest if the
stock control is authorized; and
WHEREAS, the City of South San Francisco has business and industry within its
boundaries and therefore has a direct interest in the development of improved rail
transportation service by reason of the importance of railroad transportation to the
economy in this area and to this City;
BE IT RESOLVED, that the City Council of South San Francisco supports the
applications of the Southern Pacific Company in Finance Docket Nos. 21314 and 21315,
to acquire control of The Western Pacific Railroad Company through stock ownership,
and authorizes the communication of this posi~tion to the Interstate Commerce Commission.
I hereby certify ~hat the foregoing resolution was regularly introduced and
adopted by the City Council of the City of South San Francisco at a regular meeting
held this 17th day of April, 1961, by the following vote:
AYES, COUNCILMEN
NOES, "
ABSENT, "
Andrew Rocca, Patrick E. Ahern, Emilio Cortesi, G.J. Rozzi,
Leo J. Ryan.
None.
None.
ATTEST: AUTHUR A.RODONDI
City Clerk