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IN RE RANDOLPH-WELLS BUILDING CORP.

No. 14261.

332 F.2d 963 (1964)

In the Matter of RANDOLPH-WELLS BUILDING CORPORATION, Debtor. Ethel M. BOESE et al., Petitioners-Appellants, v. RANDOLPH-WELLS BUILDING CORPORATION and LaSalle National Bank, Respondents-Appellees.

United States Court of Appeals Seventh Circuit.

Rehearing Denied July 16, 1964.

Attorney(s) appearing for the Case

Francis B. Stine, Chicago, Ill., John H. Haley, Jr., E. St. Louis, Ill., for petitioners appellants. Brown, Stine & Cook, Chicago, Ill., of counsel.

Edwin A. Rothschild, William A. Carey, Ronald L. Boorstein, Chicago, Ill., John C. Roberts, East St. Louis, Ill., for Randolph-Wells Building Corp., appellee. Sonnenschein, Levinson, Carlin, Nath & Rosenthal, Chicago, Ill., and Roberts, Gundlach, Lee & Stubbs, East St. Louis, Ill., of counsel.

Frank H. Uriell, Chicago, Ill., for respondent, LaSalle National Bank. Pope, Ballard, Uriell, Kennedy, Shepard & Fowle, Chicago, Ill., Chicago, Ill., of counsel.

Before DUFFY, SWYGERT and MAJOR, Circuit Judges.

MAJOR, Circuit Judge.

Appellants (petitioners), are twenty-four individuals who are the original owners, or own or have an ownership interest through inheritance or devise from original owners, of certificates of deposit representing first mortgage bonds issued in 1927, by City State Safe Deposit Company, an Illinois corporation (City State).

The present debtor, Randolph-Wells Building Corporation (Randolph-Wells) is the corporate successor to City State and...

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