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SUPREME FOREST WOODMEN CIRCLE v. CITY OF BELTON, TEX.

No. 8905.

100 F.2d 655 (1938)

SUPREME FOREST WOODMEN CIRCLE et al. v. CITY OF BELTON, TEX.

Circuit Court of Appeals, Fifth Circuit.

December 16, 1938.

Attorney(s) appearing for the Case

Thos. C. Hall and W. E. Hall, Jr., both of Temple, Tex., for appellants.

A. B. Huguenin, of Dallas, Tex., and Lee Curtis, of Belton, Tex., for appellee.

Before SIBLEY, HUTCHESON, and McCORD, Circuit Judges.

HUTCHESON, Circuit Judges.

On November 16, 1937, the City of Belton, a local taxing agency of the State of Texas, proceeding under Chapter 10, Title 11 U.S.C.A. § 401 et seq.1 duly filed its petition for composition of indebtedness, accompanied by the necessary acceptances. Showing a total indebtedness, exclusive of interest, on bonds, warrants, and judgments, of $606,464.16, a total deficit in interest and sinking fund of $619,224...

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