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SKOWHEGAN SAV. BANK v. SECURITIES AND EXCHANGE COM'N

No. 11300.

201 F.2d 702 (1952)

SKOWHEGAN SAV. BANK et al. v. SECURITIES AND EXCHANGE COMMISSION et al.

United States Court of Appeals District of Columbia Circuit.

Decided December 22, 1952.

Attorney(s) appearing for the Case

George S. Van Schaick, Rochester, N. Y., pro hac vice, by special leave of Court, with whom Martin A. Meyer, Jr., and Harry E. Proctor, Washington, D. C., were on the brief, for petitioners.

Roger S. Foster, General Counsel, Securities and Exchange Commission, Washington, D. C., with whom Alexander Cohen, Washington, D. C., was on the brief, for respondent.

Leonard A. Pierce, Portland, Me., with whom Charles B. Rugg, Boston, Mass., and Everett H. Maxcy, Augusta, Me., were on the brief, for intervenor.

Before CLARK, PRETTYMAN and WASHINGTON, Circuit Judges.

PRETTYMAN, Circuit Judge.

This is a petition to review two orders of the Securities and Exchange Commission.

By an agreement made in 1912 the Portland Railroad Company leased all of its property to the predecessor of the Central Maine Power Company. The lessee Power Company agreed, among other things, to pay an annual rental equivalent to interest on the debt of the Railroad plus a dividend of $5.00 per share on the Railroad's stock, and to deliver to the...

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