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SECURITIES AND EXCHANGE COM'N v. ALDRED INV. TRUST

Civil Action No. 2805.

76 F.Supp. 614 (1948)

SECURITIES AND EXCHANGE COMMISSION v. ALDRED INV. TRUST et al.

District Court, D. Massachusetts.

March 22, 1948.

Attorney(s) appearing for the Case

Robert H. Davison and Haussermann, Davison & Shattuck, all of Boston, Mass., for Bondholders' Committee, Minsch et al.

Charles C. Cabot and Ropes, Gray, Best, Coolidge & Rugg, all of Boston, Mass., for intervenors Railway & Light Securities Co., Massachusetts General Hospital, and Bond Investment Trust of America.

Milton S. Gould and Kaufman, Gallop, Climenko, Gould & Lynton, all of New York City, and Henry M. Leen, of Boston, Mass., for intervenors Frank Bailey et al.

SWEENEY, District Judge.

There is before me a motion of the Bondholders' Committee seeking an order for the payment of the 5% premium on shareholders' debentures provided for by Section 10 of the Debenture Agreement, which reads as follows:

"The debentures issued hereunder are subject to redemption at the option of Aldred Investment Trust on any interest payment date prior to Maturity, as a whole, but not in part...

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