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ANDERSON v. NATIONAL PRESS BLDG. CORPORATION

No. 10426.

182 F.2d 989 (1950)

ANDERSON et al. v. NATIONAL PRESS BLDG. CORPORATION.

United States Court of Appeals District of Columbia Circuit.

Decided June 12, 1950.

Attorney(s) appearing for the Case

Mr. Francis C. Brooke, Washington, D. C., with whom Messrs. James Craig Peacock, Robert H. Myers, Milton M. Burke, William J. Rowan, Aaron W. Jacobson, J. Hendren Holmes and Paul B. Cromelin, all of Washington, D. C., were on the brief, for appellants.

Mr. Walter M. Bastian, Washington, D. C., for appellee.

Before EDGERTON, PRETTYMAN and BAZELON, Circuit Judges.

PRETTYMAN, Circuit Judge.

As of January 1, 1935, appellee Corporation, in the course of a reorganization under Section 77B of the Bankruptcy Act, 11 U.S.C.A. § 207, issued certain Adjustment Income Bonds under an indenture and supplemental indenture of mortgage. These new bonds were successors to an issue of 6½ per cent general mortgage gold bonds which were in default for about a half million dollars of interest. The predecessors were junior to an issue...

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