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IN RE LOS ANGELES LUMBER PRODUCTS CO.

No. 31352-RJ.

24 F.Supp. 501 (1938)

In re LOS ANGELES LUMBER PRODUCTS CO., Limited.

District Court, S. D. California, Central Division.

July 18, 1938.

Attorney(s) appearing for the Case

Faries & McDowell, David R. Faries, J. Clifford Argue, Gibson, Dunn & Crutcher, J. C. Macfarland, and Stuart Lapp, all of Los Angeles, Cal., for debtor.

Thomas K. Case, in pro. per.

George R. Larwill and Frank S. Balthis, Jr., both of Los Angeles, Cal., for bondholders Ogden et al.

William Schoenau, Jr., in pro. per.

Clarke & Bowker and Earl E. Moss, all of Los Angeles, Cal., for bondholder Adele M. Cowan.

Overton, Lyman & Plumb and C. L. McGaughey, all of Los Angeles, Cal., for bondholders Coulter and Priest.

JENNEY, District Judge (after stating the facts as above).

There are a number of interesting legal problems which have been presented orally and by briefs to the court.

The first issue to be considered is the constitutionality of Section 77B of the Bankruptcy Act, 11 U.S.C.A. § 207, which has been questioned by counsel for the objectors, but which has never been passed upon directly by the Supreme Court of the United States. That court has however held...

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