SWAN, Circuit Judge (after stating the facts as above).
The decree of December 1, 1925, provides that the free assets fund shall be applied to the payment of (a) allowed claims of creditors not secured by liens upon parcels A and B (whom we shall refer to as the unsecured creditors); and (b) the bonds "hereinbefore found to be outstanding and unpaid." The decree then proceeds as follows:
"Such payments shall be made ratably and proportionately to the aggregate...
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