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IN RE LONG ISLAND R. CO.

No. 47970.

83 F.Supp. 971 (1949)

In re LONG ISLAND R. CO.

United States District Court E. D. New York.

March 14, 1949.

Attorney(s) appearing for the Case

Conboy, Hewitt, O'Brien & Boardman, of New York City (John V. Hewitt, of New York City, of counsel), for Pennsylvania R. Co. and another.

Cravath, Swaine & Moore, of New York City (George S. Leonard, of New York City, of counsel), for Chemical Bank & Trust Co.

Milbank, Tweed, Hope & Hadley, of New York City (James G. Grady, of New York City, of counsel), for Chase Nat. Bank & Trust Co. as Trustee under Mortgage, etc.

Richard R. Bongartz, of New York City, for Debtor Long Island R. Co.

KENNEDY, District Judge.

On March 2, 1949, the debtor filed its petition under the provisions of section 77 of the Acts of Congress relating to Bankruptcy, title 11, U.S.C.A. chapter 8, section 205. On the same day I signed an order in conformity with the statute, directing that a public hearing be held on March 11, 1949. At the opening of the hearing I stated that the only question before the court at this time was the appointment of trustees. Several creditors noted...

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