IN RE WESTERN PAC. R. CO.

No. 26591-S.

34 F.Supp. 493 (1940)

In re WESTERN PAC. R. CO.

District Court, N. D. California, S. D.

August 15, 1940.


Attorney(s) appearing for the Case

Pierce & Greer, of New York City, and C. W. Dooling, of San Francisco, Cal., for debtor.

Cravath, de Gersdorff, Swaine & Wood, of New York City, and Morrison, Hohfeld, Foerster, Shuman & Clark, of San Francisco, Cal., for Institutional Bondholders Committee.

Pillsbury, Madison & Sutro, of San Francisco, Cal., and Davies, Auerbach, Cornell & Hardy, of New York City, for Irving Trust Co., substituted trustee under general and refunding mortgage.

Whitman, Ransom, Coulson & Goetz, of New York City, and Garret W. McEnerney and Andrew F. Burke, both of San Francisco, Cal., for A. C. James & Co.

C. M. Clay and Florence de Hass Dembitz, both of Washington, D. C., and Brobeck, Phleger & Harrison, of San Francisco, Cal., for Reconstruction Finance Corporation.

Edward G. Buckland, of New Haven, Conn., for Railroad Credit Corporation.

Sloss, Turner & Finney, of San Francisco, Cal., for Western Pac. R. Co.

Leroy R. Goodrich, of Oakland, Cal., for Western Realty Co.

Chickering & Gregory, of San Francisco, Cal., and Milbank, Tweed & Hope, of New York City, for Crocker First Nat. Bank of San Francisco and Samuel Armstrong, trustee of first mortgage.

Pillsbury, Madison & Sutro, of San Francisco, Cal., and Milbank, Tweed & Hope, of New York City, for Chase Nat. Bank of City of New York.


ST. SURE, District Judge.

This is a proceeding under section 77 of the Bankruptcy Act1 for the reorganization of the Western Pacific Railroad Company.

On August 2, 1935, the Debtor filed a petition stating that it was unable to meet its debts as they matured and that it desired to effect a plan of reorganization. The court approved the petition and authorized the Debtor, pending further order of the court, to continue in possession...

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