United States Bankruptcy Court, N.D. New York March 11, 1983, 13-11057 (Ehre v. People of New York Ex Rel. Hennessy (In Re Adirondack Railway Corp.))

MEMORANDUM-DECISION, FINDINGS OF FACT, CONCLUSIONS OF LAW AND PROPOSED ORDER

LEON J. MARKETOS, Bankruptcy Judge.

STATEMENT OF THE CASE

On April 1, 1981, Adirondack Railway Corporation (hereinafter, Debtor or Lessee under a lease dated November 29, 1977 in which the State of New York is Lessor), petitioned for relief under Chapter 11 of the Bankruptcy Code, 11 U.S.C. § 1101-et

seq.

(Supp.