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IN RE NORTH CONTINENT UTILITIES CORPORATION

No. 355.

61 F.Supp. 419 (1945)

In re NORTH CONTINENT UTILITIES CORPORATION.

District Court, D. Delaware.

July 7, 1945.

Attorney(s) appearing for the Case

David K. Kadane, Sp. Counsel, and Arthur Goldman, both of Philadelphia, Pa., for Securities and Exchange Commission.

Sydney K. Schiff (of Pam, Hurd & Reichmann), of Chicago, Ill., for North Continent Utilities Corporation.

Helmer Hansen, of Chicago, Ill., for Preferred Stockholders' Committee.

LEAHY, District Judge.

The court approved a Sec. 11(e) plan of North Continent Utilities Corporation under the Public Utility Holding Company Act of 1935, 15 U.S.C.A. § 79 et seq. See D.C., 54 F.Supp. 527. The plan called for satisfaction of the company's debentures by pro-rata payments of cash as assets were sold from time to time. The March 17, 1944, order of approval provided, among other things, that the Court take exclusive...

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