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IN RE ADAIR REALTY & TRUST CO.

No. 12643.

35 F.2d 531 (1929)

In re ADAIR REALTY & TRUST CO. Claims of NEUMAN et al.

District Court, N. D. Georgia.

November 9, 1929.

Attorney(s) appearing for the Case

Spalding, MacDougald & Sibley, of Atlanta, Ga., for Globe Indemnity Company.

Howell, Heyman & Bolding, of Atlanta, Ga., for Minnie Neuman.

Branch & Howard, of Atlanta, Ga., for objector.

SIBLEY, District Judge.

The bankrupt, Adair Realty & Trust Company, is a trust company under the laws of Georgia, with powers fixed by Georgia Civ. Code 1910, § 2817, as enlarged by Acts Ga. 1917, p. 56. Among them is (subsection 11, § 2817, Civ. Code Ga. 1910), the power "to purchase, invest in, and sell stock, bills of exchange, bonds and mortgages, and other securities." In its business of selling bonds it executed a number of underwriting contracts...

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