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IN RE SPECTRUM ARENA, INC.

No. 30437.

330 F.Supp. 125 (1971)

In the Matter of SPECTRUM ARENA, INC., Debtor.

United States District Court, E. D. Pennsylvania.

August 9, 1971.

Attorney(s) appearing for the Case

Austin Norris, and Germaine Ingram, Philadelphia, Pa., for Trustees in Bankruptcy.

Levy Anderson, City Sol., and John J. Pettit, Jr., Asst. City Sol., for defendant.

HIGGINBOTHAM, District Judge.

OPINION

On May 1, 1968, the Spectrum Arena, Inc. (hereafter referred to as the "Debtor Corporation"), was involuntarily placed in reorganization under the Bankruptcy Act of July 1, 1898, Chapter 10 (11 U.S.C. § 501 et seq.).

The land and building in which the Debtor Corporation holds a leasehold interest (hereafter referred to as the "Spectrum"), are owned by the City of Philadelphia; the Debtor Corporation is a...

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