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IN RE WILLACY COUNTY WATER CONTROL & IMP. DIST.

No. 762.

36 F.Supp. 36 (1940)

In re WILLACY COUNTY WATER CONTROL & IMPROVEMENT DIST. NO. 1.

District Court, S. D. Texas, Brownsville Division.

December 19, 1940.

Attorney(s) appearing for the Case

Jesse G. Foster, of Raymondville, Tex., for Coats and others for intervention.

John D. McCall and Millard Parkhurst, both of Dallas, Tex., and Roger F. Robinson, of Raymondville, Tex., opposed to both interventions.

C. M. Gaines, of San Antonio, Tex., and Davenport & Ransome, of Brownsville, Tex., for other creditors.

Seabury, Taylor & Wagner, of Brownsville, Tex., for Ousley and others for intervention.

ATWELL, District Judge.

On July 30th, 1940, the debtor filed its petition submitting a plan of composition. The plan relates to three groups of indebtedness; the first approximates four items of $1,480,524.29, $1,409,000 of which is a bond issue. Upon this group it proposes to pay thirty-five cents on the dollar.

The second group consists of $20,121.30 plus some judgments and pending litigation. Thirty-five cents...

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