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  5. 171 F.2d 890 (1949)
 

IN RE INDUSTRIAL OFFICE BLDG. CORPORATION

Nos. 9736, 9738.

171 F.2d 890 (1949)

In re INDUSTRIAL OFFICE BLDG. CORPORATION.

United States Court of Appeals Third Circuit.

Decided January 3, 1949.

Attorney(s) appearing for the Case

Israel B. Greene and James R. E. Ozias, both of Newark, N. J., for appellants.

George Furst, of Newark, N. J., for trustee Robert Carey.

George Zolotar, of New York City, for Securities and Exchange Commission.

Milton Loewe, of New York City, for Independent Committee for Industrial Office Building Corporation First Mortgage Bonds.

Before BIGGS, Chief Judge, and McLAUGHLIN and O'CONNELL, Circuit Judges.

BIGGS, Chief Judge.

The appeals in the instant cases were taken respectively by the debtor corporation, Industrial Office Building Corporation, and by holders of Cumulative 7% Income notes issued by the debtor from an order entered by the court below on May 19, 1948 authorizing and directing the trustee of the debtor to pay 6% to the holders of the First Mortgage bonds of the debtor "* * * as an interim distribution, which distribution shall be applied against the...

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