Legal Opinion
San Augustine County, Tex. v. Cameron County Water Imp. Dist.
Court of Appeals for the Fifth Circuit
Decided March 20, 1953No. 10; 13960PublishedCited by 3 opinions
1Opinion of the Court
STRUM, Circuit Judge.
Having been in default on its bonded indebtedness for 18 years or more, during which time approximately $500,000 in past due and unpaid interest had accumulated on a bonded debt of $558,000, the appellee Water Improvement District, on April 29, 1949, filed in the United States District Court a proposed plan of composition of its debts under chap. IX of the Bankruptcy Act, 11 U.S.C.A. § 401 et seq., which plan was approved by more than 51% of its creditors.
The district court, on April 29, 1949, approved the plan as properly'filed and fixed a hearing thereon for July 14,…
2Cases cited11 opinions
- Local Loan Co. v. HuntSupreme Court of the United States · 1934
- Hanover National Bank v. MoysesSupreme Court of the United States · 1902
- North Laramie Land Co. v. HoffmanSupreme Court of the United States · 1925
- American United Mutual Life Insurance v. City of Avon ParkSupreme Court of the United States · 1940
- Huling v. Kaw Valley Railway & Improvement Co.Supreme Court of the United States · 1889
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3Cited by3 opinions
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- Gladeview Drainage District, Palm Beach County, Florida, Public Debtor v. Edna L. KeyesCourt of Appeals for the Fifth Circuit · 1958