State Ex Rel. Seaboard Air Line Railroad v. Gay

SEBRING, J.:

The relator, Seaboard Air Line Railroad Company (hereinafter referred to as the New Company) is a Virginia corporation duly authorized to do business in the State of Florida. Under a Plan of Reorganization approved by the Federal Courts in 1943 it has succeeded to the properties and equipment of Seaboard Air Line Railway Company (hereinafter referred to as the Old Company), which had been in the hands of Federal Court receivers since 1930. The properties and equipment are situated in six southeastern States, including the State of Florida.

Under the- Plan of Reorganization there…