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IN RE SOUTHERN LAND TITLE CORPORATION

No. 67-135.

301 F.Supp. 431 (1968)

In the Matter of SOUTHERN LAND TITLE CORPORATION, Debtor, in Proceedings for the Reorganization of a Corporation. In re BOURBON KINGS HOTEL CORPORATION, the Five Flags Building, Inc., Sotan, Inc., and Puritan Oil & Gas of New England, Inc.

United States District Court E. D. Louisiana, New Orleans Division.

November 27, 1968.

Attorney(s) appearing for the Case

James J. Morrison, New Orleans, La., for debtor corporations.

Cicero C. Sessions, Sessions, Fishman, Rosenson, Snellings & Boisfontaine, New Orleans, La., for Leonard R. Spangenberg, Jr.

D. D. Howard, Monroe & Lemann, New Orleans, La., for National Bank of North America.

Peter J. Butler, Sehrt, Boyle & Wheeler, New Orleans, La., for National Amercan Bank of New Orleans.

Moise S. Steeg, Jr., Steeg & Shushan, New Orleans, La., for Mercantile National Bank of Dallas and Lomas & Nettleton Financial Corp.

Donald Zuber, Seale, Smith, Baine & Phelps, Baton Rouge, La., for National American Life Ins. Co.

HEEBE, District Judge:

The § 144, 11 U.S.C. § 544, hearing with respect to the above corporations, all wholly-owned subsidiaries of Southern Land Title Corporation, was held on September 20, 1967. On October 16, 1967, we entered an order sustaining the voluntary petition of each of the subsidiaries as well as the involuntary petition for the reorganization of Southern Land. We indicated that we would assign written reasons at a later date. Inasmuch as the...

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