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IN RE CENTRAL OF GEORGIA RY. CO.

No. 4829.

42 F.Supp. 940 (1942)

In re CENTRAL OF GEORGIA RY. CO. (J. S. FARLEE & CO., Intervener).

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

January 12, 1942.

Attorney(s) appearing for the Case

Connerat, Hunter & Cubbedge, of Savannah, Ga., for Farlee & Co.

Adams, Douglas & Brennan, Anderson, Cann & Dunn, Henry Brennan and T. M. Cunningham, all of Savannah, Ga., Alexander & Green and Larkin, Rathbone & Perry, all of New York City, and Pitney, Hardin & Skinner, of Newark, N. J., for certain trustees and certain bondholders committees.

LOVETT, District Judge.

The question to be decided is whether the proceeds derived from the abandonment and sale of a part of a "mortgage division" of the debtor shall be distributed now to the bondholders secured by the divisional mortgage, or shall be retained by the trustee under the Mortgage Indenture, in whose custody the fund was placed subject to the control of the court, until the equities of the many parties at interest in this proceeding have been adjusted...

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