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BETHKE v. GRAYBURG OIL CO.

No. 7996.

89 F.2d 536 (1937)

BETHKE et al. v. GRAYBURG OIL CO.

Circuit Court of Appeals, Fifth Circuit.

April 19, 1937.

Attorney(s) appearing for the Case

Robt. E. Cofer and John D. Cofer, both of Austin, Tex., for appellants.

Ike S. Kampmann, of San Antonio, Tex., for appellee.

Before FOSTER, SIBLEY, and HOLMES, Circuit Judges.

FOSTER, Circuit Judge.

On March 21, 1933, receivers were appointed by the United States District Court for the Western District of Texas for Grayburg Oil Company, on a bill to foreclose a mortgage and deed of trust, securing an issue of bonds, aggregating $1,875,000. The bill alleged that Grayburg Oil Company was solvent, but was in danger of being rendered insolvent owing to depressed business conditions and the fact that persons holding claims aggregating $545,000...

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