IN RE SOUTHERN LAND TITLE CORPORATION

No. 67-135.

301 F.Supp. 368 (1968)

In the Matter of SOUTHERN LAND TITLE CORPORATION, Debtor, in Proceedings for the Reorganization of a Corporation. In re Southern Land Title Corporation, Five Flags Building, Inc., Puritan Oil & Gas of New England, Inc., Sotan, Inc., and Bourbon Kings Hotel Corporation.

United States District Court E. D. Louisiana, New Orleans Division.

November 6, 1968.


Attorney(s) appearing for the Case

Cicero C. Sessions, Sessions, Fishman, Rosenson, Snellings & Boisfontaine, J. B. Kiefer, Graham & Graham, New Orleans, La., for Leonard R. Spangenberg, Jr., and others, petitioning creditors.

James J. Morrison, New Orleans, La., for bankrupt debtor corporation.

Jerry A. Brown, Monroe & Lemann, New Orleans, La., for National Bank of North America (formerly Meadow Brook National Bank).

Donald Zuber, Seale, Smith, Baine & Phelps, Baton Rouge, La., for National American Life Insurance Co.

Tom H. Matheny, Pittman & Matheny, Hammond, La., for Bowl-Opp, Inc. and American Machine & Foundry Co.

W. Ford Reese, Adams & Reese, Harold J. Zeringer, Jr., Zeringer & Zeringer, New Orleans, La., for Gulf South Realty Corporation and Leon Poirier.

Harry T. Howard, III, Chaffe, McCall, Phillips, Burke, Toler & Hopkins, New Orleans, La., for Dr. Francis E. LeJeune.

Clem H. Sehrt, Peter J. Butler, Sehrt, Boyle & Wheeler, New Orleans, La., for National American Bank of New Orleans and Bankers Union Life Ins. Co., of Denver, Colorado.

Meyer L. Dresner, Dresner & Dresner, New Orleans, La., for H-Tide Realty Corp.

Moise S. Steeg, Jr., Rader Jackson, Steeg & Shushan, New Orleans, La., for Douglas L. Black and Estate, Inc.

Leo S. Roos, Roos & Roos, New Orleans, La., for Exchange National Bank of Chicago and Finger Contract Supply.

Joseph E. Friend, Dodge & Friend, New Orleans, La., for American Acceptance Corp.

J. Barnwell Phelps, Phelps, Dunbar, Marks, Claverie & Sims, New Orleans, La., for Albert A. List and Hibernia National Bank.

Frank L. Micholet, Bernard, Micholet & Cassisa, New Orleans, La., for Sun Life Assurance Company of Canada and Mrs. Virginia Raspanti Ajubita.

Clifton S. Carl, Garrett & Carl, New Orleans, La., for National Cash Register Co.


MEMORANDUM OPINION AND ORDER

HEEBE, District Judge.

On March 19, 1968, the trustee filed a petition seeking to dismiss the proceedings as to Five Flags Building, Inc. or to adjudicate that corporation bankrupt and place it in ordinary bankruptcy, all pursuant to § 236(2) of the Bankruptcy Act, 11 U.S.C. § 636(2). On April 1, 1968, the trustee filed three similar petitions with respect to Southern Land Title Corporation, Puritan Oil & Gas of...

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