PRIOR PRINTER'S NO. 2384 PRINTER'S NO. 2455
No. 1921 Session of 1979
INTRODUCED BY MESSRS. J. L. WRIGHT AND ZWIKL, OCTOBER 29, 1979
AS REPORTED FROM COMMITTEE ON APPROPRIATIONS, HOUSE OF
REPRESENTATIVES, AS AMENDED, NOVEMBER 14, 1979
AN ACT
1 Allowing the Department of Justice or other authorized <--
2 department to accept in lieu of cash property of historical
3 significance, other than real property, as payment in whole
4 or in part for obligations or notes due and owing the
5 Commonwealth, notwithstanding any provision in the instrument
6 of obligation or note to the contrary.
7 AUTHORIZING AND DIRECTING THE DEPARTMENT OF JUSTICE, WITH THE <--
8 APPROVAL OF THE GOVERNOR, TO ACCEPT AS PARTIAL PAYMENT, UPON
9 MATURITY, OF A CERTAIN SERIES D SERIAL NOTE OF THE PENN
10 CENTRAL CORPORATION, CERTAIN HISTORIC RAILROAD ENGINES,
11 RAILROAD CARS AND ASSOCIATED RAILROAD EQUIPMENT OF HISTORICAL
12 INTEREST AND VALUE, HAVING AN APPRAISED VALUE OF $1,200,000
13 PRESENTLY LOCATED AT THE RAILROAD MUSEUM OF PENNSYLVANIA IN
14 STRASBURG, PENNSYLVANIA, AND PROVIDING FOR THE CUSTODY OF
15 SUCH ENGINES, CARS AND EQUIPMENT.
16 The General Assembly of the Commonwealth of Pennsylvania
17 hereby enacts as follows:
18 Section 1. Upon the maturity of obligations or notes payment <--
19 of which is due the Commonwealth, the Department of Justice or
20 other authorized department, with the approval of the Governor,
21 may accept as payment in lieu of cash any property of historical
22 significance, other than real property, as payment in whole or
23 in part for those obligations or notes, notwithstanding any
1 provisions in the instrument of obligation or note to the
2 contrary if the Pennsylvania Historical and Museum Commission
3 certifies to the Department of Revenue that the property
4 involved possesses historical significance and if the
5 commission, based upon not less than two competent independent
6 appraisals, shall certify the value of such property. Upon such
7 certifications and upon acceptance of delivery of such property
8 by the commission, the amount of debt shall be reduced by the
9 amount certified by the commission.
10 Section 2. Property so received in payment shall be placed
11 in the custody of the Pennsylvania Historical and Museum
12 Commission.
13 Section 3. This act shall take effect immediately.
14 SECTION 1. THE PENNSYLVANIA DEPARTMENT OF JUSTICE, WITH THE <--
15 APPROVAL OF THE GOVERNOR, IS HEREBY AUTHORIZED AND DIRECTED ON
16 BEHALF OF THE COMMONWEALTH OF PENNSYLVANIA TO ACCEPT CERTAIN
17 RAILROAD ENGINES, RAILROAD CARS, RAILROAD ARTIFACTS AND RAILROAD
18 MEMORABILIA HAVING AN APPRAISED VALUE OF $1,200,000, AS PARTIAL
19 PAYMENT OF THE DEBT EVIDENCED BY A CERTAIN SERIES D SERIAL NOTE
20 DSY000609 OF THE PENN CENTRAL CORPORATION, IN THE DENOMINATION
21 OF $2,449,000, MATURING ON DECEMBER 31, 1979, NOW BEING HELD IN
22 THE CUSTODY OF THE PENNSYLVANIA DEPARTMENT OF TREASURY.
23 SECTION 2. THE HISTORICAL RAILROAD ENGINES, RAILROAD CARS,
24 RAILROAD ARTIFACTS AND RAILROAD MEMORABILIA, OWNED BY THE PENN
25 CENTRAL CORPORATION AND PRESENTLY LOCATED AT THE RAILROAD MUSEUM
26 OF PENNSYLVANIA AT STRASBURG, PENNSYLVANIA, AND WHICH ARE THE
27 SUBJECT OF THIS ACT ARE:
28 ITEM NO. DESCRIPTION
29 1. REPLICA OF "JOHN STEVENS" LOCOMOTIVE.
30 2. REPLICA OF "JOHN BULL" LOCOMOTIVE.
19790H1921B2455 - 2 -
1 3. FLAT CAR NO. 473567 ON WHICH JOHN BULL IS
2 CARRIED.
3 4. CLASS G5S STEAM LOCOMOTIVE NO. 5741, AND ITS
4 STEEL TENDER CLASS 70P82A, NO. 5721.
5 5. CLASS MLB STEAM LOCOMOTIVE NO. 6755, AND ITS
6 STEEL TENDER CLASS 210F75, NO. 6737.
7 6. CLASS H6SB STEAM LOCOMOTIVE NO. 2846, AND ITS
8 STEEL TENDER CLASS 70P66, NO. 1708
9 7. CLASS H10S STEAM LOCOMOTIVE NO. 7688, AND ITS
10 STEEL TENDER CLASS 80P81A, NO. 7624.
11 8. CLASS H3 STEAM LOCOMOTIVE NO. 1187, AND ITS WOOD
12 TENDER.
13 9. CLASS E2 STEAM LOCOMOTIVE NO. 8063, AND ITS STEEL
14 TENDER CLASS 70P58E, NO. 7497.
15 L0. CLASS A5 STEAM LOCOMOTIVE NO. 94, AND ITS STEEL
16 TENDER, CLASS 55S66A, NO. 953.
17 11. CLASS E6S STEAM LOCOMOTIVE NO. 460, AND ITS STEEL
18 TENDER CLASS 70P66, NO. 1565.
19 12. CLASS K4S STEAM LOCOMOTIVE NO. 3750, AND ITS
20 TENDER CLASS 110P751A, NO. 1737.
21 13. CLASS LLS STEAM LOCOMOTIVE NO. 520, AND ITS STEEL
22 TENDER CLASS LL0P75A, NO. 6836.
23 14. CLASS B6SB STEAM LOCOMOTIVE NO. 1670, AND ITS
24 STEEL TENDER CLASS 60S66, NO. 5248.
25 15. CLASS DDL ELECTRIC LOCOMOTIVE (PERMANENTLY
26 COUPLED UNITS) NOS. 4780 AND 4781.
27 16. "C. V. PIONEER" WOOD PASSENGER-BAGGAGE COACH.
28 17. CLASS P58, STEEL PASSENGER COACH NO. 1651.
29 18. CLASS BA, WOOD BAGGAGE EXPRESS CAR NO. 6.
30 19. CLASS BC WOOD BAGGAGE MAIL CAR NO. 5403.
19790H1921B2455 - 3 -
1 20. CLASS PH WOOD PASSENGER COACH NO. 8177.
2 21. CLASS OG WOOD PASSENGER-BAGGAGE CAR NO. 4639.
3 22. CLASS P53 STEEL PASSENGER COACH NO. 1650.
4 23. CLASS BD WOOD BAGGAGE EXPRESS CAR NO. 6076.
5 24. CLASS GL STEEL HOPPER GONDOLA, NO. 33164.
6 25. CLASS GG WOOD HOPPER GONDOLA, NO. 1818.
7 26. CLASS D-16SB STEAM LOCOMOTIVE NO. 1223, AND ITS
8 STEEL TENDER NO. 4168, CLASS 55P55A.
9 27. WOOD PASSENGER COACH NO. 3556, CLASS PF.
10 SECTION 3. UPON MATURITY OF THE PENN CENTRAL CORPORATION
11 SERIES D SERIAL NOTE DSY000609, THE COMMONWEALTH OF PENNSYLVANIA
12 SHALL ACCEPT THE FOLLOWING AS SATISFACTION OF THE DEBT EVIDENCED
13 BY THE PENN CENTRAL CORPORATION SERIES D SERIAL NOTE DSY000609:
14 (1) GOOD AND SUFFICIENT INSTRUMENTS OF TRANSFER
15 CONVEYING UNENCUMBERED TITLE TO THE ITEMS DESCRIBED IN
16 SECTION 2.
17 (2) THE SUM OF $1,249,000 FOR APPLICATION TO THE BALANCE
18 OF THE PRINCIPAL DUE ON THE PENN CENTRAL CORPORATION SERIES D
19 SERIAL NOTE DSY000609 AFTER APPLYING THE APPRAISED VALUE OF
20 $1,200,000 OF THE ITEMS DESCRIBED IN SECTION 2.
21 (3) THE SUM OF $85,715 FOR INTEREST TO MATURITY.
22 SECTION 4. THE DEPARTMENT OF JUSTICE, WITH THE APPROVAL OF
23 THE GOVERNOR, IS AUTHORIZED TO EXECUTE ANY AND ALL DOCUMENTS TO
24 ACCOMPLISH THE PROVISIONS OF THIS ACT.
25 SECTION 5. CUSTODY OF THE ITEMS DESCRIBED IN SECTION 2 IS
26 AND SHALL BE PLACED IN THE PENNSYLVANIA HISTORICAL AND MUSEUM
27 COMMISSION FOR THE PURPOSE OF THE PERPETUAL CARE AND EXHIBITION
28 OF SUCH ITEMS AT THE RAILROAD MUSEUM OF PENNSYLVANIA IN
29 STRASBURG, PENNSYLVANIA.
30 SECTION 6. THIS ACT SHALL TAKE EFFECT IMMEDIATELY.
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