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IN RE NORTHERN ILLINOIS DEVELOPMENT CORPORATION

Nos. 13742, 13814.

309 F.2d 882 (1962)

In the Matter of NORTHERN ILLINOIS DEVELOPMENT CORPORATION, operating the Aurora Downs, Inc. (a wholly owned subsidiary), Debtor-Appellee. Appeals of Orville P. FOX and St. Charles National Bank as Trustee under Trust No. 85, Respondents-Appellants.

United States Court of Appeals Seventh Circuit.

November 20, 1962.

Attorney(s) appearing for the Case

Richard Shearer, St. Charles, Ill., Edward J. Wendrow, Chicago, Ill., Winston, Strawn, Smith & Patterson, Chicago, Ill., Redman, Shearer & Gorecki, St. Charles, Ill., of counsel for appellants.

Joseph L. Kadison, Wayland B. Cedarquist, Chicago, Ill., Charles H. Atwell, Aurora, Ill., Collen, Kessler & Kadison, Chicago, Ill., Mark A. Greenhouse, Chicago, Ill., Nelson, Boodell, Foster, Sugrue & Crowley, Chicago, Ill., of counsel, for appellees.

Before DUFFY, CASTLE and KILEY, Circuit Judges.

CASTLE, Circuit Judge.

Orville P. Fox and St. Charles National Bank, as Trustee under Trust No. 85, the respondents-appellants, prosecute these consolidated appeals from orders of the District Court affirming orders of the Referee in Bankruptcy entered in a proceeding1 in which Northern Illinois Development Corporation (NIDC) is the debtor. The orders, among other things, declare a land purchase...

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