10/20/1948
https://www.presidency.ucsb.edu...
"Possession and control of the transportation systems, plants, and facilities owned or operated by the carriers by railroad named in the list attached hereto and made a part hereof are hereby taken and..."
"Except with the prior written consent of the Director, no receivership, reorganization, or similar proceeding affecting any carrier whose transportation system, plants, and facilities are taken hereun..."
"The Director is directed to operate, or arrange for the operation of, the transportation systems, plants, and facilities taken under or pursuant to the order in such manner as he deems necessary to as..."
"In carrying out the provisions of this order the Director may act through or with the aid of such public or private instrumentalities or persons as he may designate, and may delegate such of his autho..."