A joint resolution to amend the Regional Rail Reorganization Act of 1973, as amended.

Summary

Amends the Regional Rail Reorganization Act of 1973 by changing the phrase "without regard to" to "adjusted to reflect" to describe the process of making adjustments to reflect stock splits and similar transactions that may occur after the time of distribution of securities. Sets forth an adjustment formula for common stock issued pursuant to the Act. Authorizes the Consolidated Rail Corporation to initially issue 35,000,000 series B preferred stock and as many shares of series B preferred and common stock for deposit as the Association shall certify to the Special Court.

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Documents

2 official files

• Public Law (PDF)

  Public Law · EN · 26 March 1976

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• Introduced in Senate

  summary · EN · 18 March 1976

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