On the 15th day of July, 1953, the Rogers-Fain Drilling Company, a partnership composed of K.A. Rogers, Charles Leslie Fain and Harry G. Frederickson, executed an assignment for benefit of creditors to Harry G. Frederickson, who was to act as trustee under the guidance of a five-member committee of creditors to be selected by their group. The assignee was to take possession of and dispose of the assets...
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