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IN RE ADELPHI COLLEGE

No. 33814.

48 F.Supp. 621 (1943)

In re ADELPHI COLLEGE. Application of GARDEN CITY BANK & TRUST CO.

District Court, E. D. New York.

January 26, 1943.

Attorney(s) appearing for the Case

Hurd, Hamlin & Hubbell, of New York City (George L. Hubbell, Jr., and Renwick W. Hurry, both of New York City, of counsel), for Mortgage Trustee.

McLanahan, Merritt, Ingraham & Christy, of New York City (Henry A. Ingraham and Donald K. Miller, both of New York City, of counsel), for Adelphi College, debtor.

Stein & Salant, of New York City, for Certificate Holders Committee.

BYERS, District Judge.

A perplexing problem has been presented to the Mortgage Trustee named in the Indenture hereinafter referred to, and the instructions of the Court were sought in a petition filed June 26, 1942, which has been amplified by supplemental and amendatory affidavits filed November 18, 1942, and January 15, 1943, respectively; these latter were required so that all relevant and attendant circumstances might be embodied in one record to facilitate review...

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