Cars held in trust
Posted:
Wed May 30, 2012 4:25 pmby SCLJim
Ok, in the top left corner, usually, of hoppers you will see a rather small but lengthy stencil that states something along the lines of the following:
'car held in trust in accordance with the ICC' or something to that effect.
Can anyone tell me the exact wording or have a picture of the stencil. I cant seem to find anything on the net about it.
Re: Cars held in trust
Posted:
Wed May 30, 2012 6:07 pmby MadMike1024
One example of the text involved... This one is for a loco.
Re: Cars held in trust
Posted:
Wed May 30, 2012 6:10 pmby arizonachris
Ususaly means the equipment is held by a bank. Happens with real estate as well.
Re: Cars held in trust
Posted:
Wed May 30, 2012 6:11 pmby SCLJim
Is that similar in wording to this text? See image below...
Re: Cars held in trust
Posted:
Wed May 30, 2012 6:15 pmby Csxgp38-2
They usually say in modern times "Car ownership subject to a security agreement with the Interstate Commerce Commision." That's word for word, I just got back from railfanning and recall seeing that.
Re: Cars held in trust
Posted:
Wed May 30, 2012 6:24 pmby ATSF3814
Csxgp38-2 wrote:They usually say in modern times "Car ownership subject to a security agreement with the Interstate Commerce Commision." That's word for word, I just got back from railfanning and recall seeing that.
Yeah I've noticed a placard like that on the SD70s:
