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IN RE DRAINAGE DIST. NO. 2 OF ADA COUNTY, IDAHO

No. 5166.

28 F.Supp. 84 (1939)

In re DRAINAGE DIST. NO. 2 OF ADA COUNTY, IDAHO.

District Court, D. Idaho, S. D.

June 24, 1939.

Attorney(s) appearing for the Case

Charles F. Reddoch, of Boise, Idaho, for petitioner.

Maurice H. Greene, of Boise, Idaho, for Bondholders Committee.

W. A. Johnston and Martin & Martin, all of Boise, Idaho, for objecting creditors.

CAVANAH, District Judge.

Drainage District No. 2 of Ada County, a taxing agency, was organized under the laws of Idaho and comprises about 28048 acres in Ada and Canyon Counties. Its purpose is to drain and improve lands devoted to agricultural purposes. It presents its petition filed March 31, 1939, for the confirmation of a plan of composition. The petition alleges that it is unable to meet its debts as they have or will mature, which consist of outstanding bonds...

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