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BONDHOLDERS, INC. v. POWELL

No. 6224.

190 F.2d 74 (1951)

BONDHOLDERS, Inc., v. POWELL et al.

United States Court of Appeals Fourth Circuit.

Decided June 1, 1951.

Attorney(s) appearing for the Case

Aubrey R. Bowles, Jr., Richmond, Va., and Frank K. Sloan, Columbia, S. C. (Paul A. Cooper, Frank B. Gary, Jr., Cooper & Gary, all of Columbia, S. C., and Bowles, Anderson & Boyd, Richmond, Va., on brief), for appellant.

W. R. C. Cocke and James B. McDonough, Jr., Norfolk, Va. (Harold J. Gallagher and Leonard D. Adkins, New York City, on brief), for appellees.

Before PARKER, SOPER and DOBIE, Circuit Judges.

SOPER, Circuit Judge.

Bondholders, Inc., the holder of certain Adjustment Mortgage Bonds of the Seaboard Air Line Railway Company, proposes in effect in this case to reopen and modify a plan of reorganization of the Railway Company under which a transfer of the railroad properties was made to Seaboard Air Line Railroad Company, a new corporation, on July 31, 1946. The proposal relates to the disposition of certain assets which have come into the hands of the receivers...

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