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IN RE TEMPLE RETIREMENT COMMUNITY, INC.

Bankruptcy No. 87-60663.

80 B.R. 367 (1987)

In re TEMPLE RETIREMENT COMMUNITY, INC., d/b/a The Village on Canyon Creek, Debtor.

United States Bankruptcy Court, W.D. Texas, Waco Division.

November 17, 1987.

Attorney(s) appearing for the Case

George E. Henderson, Austin, Tex., for Indenture Trustee.

Michael R. Rochelle, Rochelle & Balzersen, Dallas, Tex., for debtor.

Patricia M. Nagel, Moye, Giles, O'Keefe, Vermeire & Gorrell, Denver, Colo., for LeGan, Inc.

Leslie Thacker, Houston, Tex., pro se.

MEMORANDUM OPINION

LEIF M. CLARK, Bankruptcy Judge.

First RepublicBank Temple, N.A., is the indenture trustee for $15.5 million worth of revenue bonds issued by the Bell County Health Facilities Development Corporation for the Village on Canyon Creek project. Capital raised by the bond issue went toward the construction of a retirement community operated by Temple Retirement Community, Inc., the Debtor in this case. The Debtor filed bankruptcy July 31, 1987...

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