IN RE CENTRAL OF GEORGIA RY. CO.

No. 4829.

48 F.Supp. 445 (1942)

In re CENTRAL OF GEORGIA RY. CO.

District Court, S. D. Georgia, Savannah Division.

Order Affirmed May 5, 1943.


Attorney(s) appearing for the Case

Anderson, Cann & Dunn, of Savannah, Ga., and Larkin, Rathbone & Perry, of New York City, for Central Hanover Bank & Trust Co.

Hitch, Morris & Harrison, of Savannah, Ga., and Debevoise, Stevenson, Plimpton & Page, of New York City, for Liberty Nat. Bank & Trust Co., of Savannah, Ga.

Adams, Douglas & Brennan, of Savannah, Ga., for Citizens & Southern Nat. Bank.

Root, Clark, Buckner & Ballantine, of New York City, for New York Life Ins. Co.

Alexander & Green and Edward W. Bourne, all of New York City, and Henry B. Brennan, of Savannah, Ga., for Bankers Trust Co. of New York.

Carter, Ledyard & Milburn, of New York City, and Oliver, Oliver & Davis, of Savannah, Ga., for First Mortgage Income Bonds.

W. W. Beachboard, of Newark, N. J., for Prudential Life Ins. Co.

Lee, Congdon & Fulcher, of Augusta, Ga., for Refunding General Mortgage.

Wallace Miller, General Counsel, of Macon, Ga., and Anton P. Wright, President, of Savannah, Ga., for the Southwestern R. R.

Charlton Ogburn, of New York City and Emmett McCaffery, of Washington, D. C., for Reconstruction Finance Corporation.

T. M. Cunningham and A. R. Lawton, Jr., both of Savannah, Ga., Edwin S. S. Sunderland and Chester F. Leonard, both of New York City, and George O'Donnell, of Savannah, Ga., for trustee and debtor.


LOVETT, Judge.

As a result of the hearing held in this case on December 1, 1942, at which many aspects of an early reorganization of this railroad were discussed by the parties at interest, two questions remain for determination at this time.

The first is whether and what interest shall be paid now on certain bonds of the debtor, including one underlying issue which the debtor has not assumed, from earnings of the railroad in reorganization, and, secondly...

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