MATHEWS, Circuit Judge.
On June 17, 1938, appellee, Merced Irrigation District, filed a petition under chapter 9 (§§ 81-84) of the Bankruptcy Act, 11 U.S.C.A. §§ 401-404. At the time of filing the petition, appellee had outstanding $16,190,000 of bonds, hereafter called old bonds, of which $18,000 (18 bonds of the face value of $1,000 each) were owned and held by appellant, J. R. Mason. With the petition, appellee filed and submitted a plan of...
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