Gary Land Co. v. Drusilla Carr Land Corp.

SPARKS, Circuit Judge.

Appellant appeals from an order of the District Court overruling its motion to vacate an order restraining it from proceeding in the state court to enforce its lien upon real estate alleged to belong to the debtor, which lien arose out of appellant’s payment of taxes on that property since the year 1912.

Appellee filed its petition for reorganization under section 77B of the Bankruptcy Act, 11 U.S.C.A. § 207, on October 26, 1937, setting out that its business was the ownership and operation of real estate of 110 acres more or less, estimated to be of a value of $350,000,…