SWORD S. S. LINE v. VENDRAMIS

Nos. 22, 26.

116 F.2d 665 (1940)

SWORD S. S. LINE, Inc., et al. v. VENDRAMIS (two cases).

Circuit Court of Appeals, Second Circuit.

December 30, 1940.


Attorney(s) appearing for the Case

Arthur Abrams, of New York City (Maurice V. Seligson, of New York City, of counsel), for appellant Cost Vendramis.

Arthur G. Syran, of New York City, for debtor appellee Sword Steamship Line, Inc.

Before L. HAND, AUGUSTUS N. HAND, and CHASE, Circuit Judges.


AUGUSTUS N. HAND, Circuit Judge.

This is an appeal by a minority stockholder of Sword Steamship Line, the debtor in a proceeding instituted by it under 77B of the Bankruptcy Act. The appeal is from two orders: (1) Authorizing the debtor to borrow $500,000 from Ocean Dominion Steamship Corporation and to charter to the latter three of the debtor's six vessels for a period of ten months with an option to the charterer for a renewal for eight months at a somewhat advanced...

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