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McDONALD v. BANTA CARBONA IRR. DIST.

No. 9591.

123 F.2d 968 (1941)

McDONALD et al. v. BANTA CARBONA IRR. DIST.

Circuit Court of Appeals, Ninth Circuit.

December 4, 1941.

Attorney(s) appearing for the Case

W. Coburn Cook, of Turlock, Cal., for appellants McDonald & J. R. Mason.

Clark, Nichols & Morton and George Clark, all of Berkeley, Cal., for appellant Mary E. Morris.

Rutherford, Jacobs, Cavalero & Dietrich, Newton Rutherford, D. R. Jacobs, Philip Cavalero, and Stephen Dietrich, all of Stockton, Cal., for appellee.

Before GARRECHT, HANEY, and HEALY, Circuit Judges.

HEALY, Circuit Judge.

The appeal is from a decree confirming a plan of composition under the provisions of the Bankruptcy Act relating to the composition of indebtedness of local taxing agencies, 11 U.S.C.A. §§ 401-404.

No extended review of the history of the Banta Carbona district or detailed analysis of its financial structure or difficulties need be undertaken. The district early defaulted in the payment of interest on its bonded debt and by...

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