In re PRUDENCE BONDS CORPORATION (CHEMICAL BANK & TRUST CO., Appellant).
Circuit Court of Appeals, Second Circuit.https://leagle.com/images/logo.png
August 8, 1935.
August 8, 1935.
Attorney(s) appearing for the Case
Miller, Boston & Owen, of New York City (Harold H. Corbin and Edward J. Bennett, both of New York City, of counsel), for debtor.
Cotton, Franklin, Wright & Gordon, of New York City (Paul W. Williams and Robert M. Becket, both of New York City, of counsel), for appellant Chemical Bank & Trust Co.
Weinstein & Levinson, of New York City (Frank Weinstein and Samuel J. Levinson, both of New York City, of counsel), for creditors appellants.
Powell & Ruch, of New York City (Frederick J. Powell, of New York City, of counsel), for appellee Prudence Bonds Corporation.
Archibald Palmer, of New York City, and Jacob A. Freedman, of Brooklyn, N. Y. (Archibald Palmer, Sydney Basil Levy, and Harry D. Glicksman, all of New York City, of counsel), for intervening creditors appellees.
Cullen & Dykman, of Brooklyn, N. Y. (Ralph W. Crolly, of Brooklyn, N. Y., of counsel), for intervener-appellee Brooklyn Trust Co.
James T. Heenehan, of New York City (Gerald Donovan and D. Basil O'Connor, both of New York City, of counsel), for George W. Egbert, Superintendent of Banks of New York, amicus curiæ.
George C. Wildermuth, of Brooklyn, N. Y., for Charles H. Kelby and Clifford S. Kelsey, as trustees of Prudence Bonds Corporation.
Kaufman, Weitzner & Celler, of New York City (Thomas Cradock Hughes, of Brooklyn, N. Y., of counsel), for trustees of the Prudence Company, Inc., debtor, amici curiæ.
Before MANTON, SWAN, and AUGUSTUS N. HAND, Circuit Judges.
Circuit Court of Appeals, Second Circuit.
AUGUSTUS N. HAND, Circuit Judge.
This is a proceeding under section 77B of the Bankruptcy Act (11 USCA § 207) for the reorganization of an issue of obligations of the Prudence Bonds Corporation, known as first mortgage collateral bonds, fifteenth series. The debtor has outstanding eighteen issues of its bonds of a principal amount aggregating over $50,000,000 and fifty-four issues of so-called participation certificates aggregating a like amount. In the fifteenth...
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