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WHEREAS, formal alrplication has been filed with the Interstate Commerce Commission for a merger of the Norfolk and Western Railway and the Nickel Plate Road, purchase by the Norfolk and Western of the Sandusky Line of the Pennsylvania Railroad, and for the N&W's lease and subsequent acquisition of the stock Of the Wabash Railroad; and WHERK~S, ICC approval of the plans would create an expanded Norfolk and Western system of 7,400 miles, linking the Port of Hampton Roads and the Nidwest, the joint N~W-Nickel Plate merged railroad will retain the name of the Norfolk and Western Railway Company, incorporated under the laws of the Commonwealth of Virginia, and the new system will r~nk, without question, as the strongest in the nation; and WHEREAS, the Portsmouth City Council is of the opinion that the merger of The New York, Chicago and St. Louis Railroad Company into Norfolk and Western Rail- way Company and the lease of the lines and property of Wabash Railroad Company by Norfolk and Western Railway will result in mere efficient rail ~ransportation, will S~imulate industrial development, and will be in the~ublic interest. NOW THEREFORE, BE IT RESOLVED that the Portsmouth City Council does hereby approve the proposed merger of Norfolk and Western Railway Company and The New York, Chicago and St. L~uis Railroad Company and thelease of Wabash Rai!ro~d Company by Norfolk and Western P~ilway Company and requests the Interstate Commerce Commission to act favorably on the applications in Finance Docket Nos. 21510 io 215!4, both inclusive. BE IT FURTHER RESOLVED: that the City ~nager is instructed zo send a copy of this resolution to the Secretary of the Interstate Commerce Commission, and to send copies of this resolution to the Governor, each member of the Virginia con- gressional delegation and the State Corporation Commission. Adopted ai a mee~in~held ADril ZS~ 1961.