Legal Opinion
McDonald v. Banta Carbona Irr. Dist.
Court of Appeals for the Ninth Circuit
Decided December 4, 1941No. 9591PublishedCited by 3 opinions
1Opinion of the Court
HEALY, Circuit Judge.
The appeal is from a decree confirming a plan of composition under the provisions of the Bankruptcy Act relating to the composition of indebtedness of local taxing agencies, 11 U.S.C.A. §§ 401-404.
No extended review of the history of the Banta Carbona district or detailed analysis of its financial structure or difficulties need be undertaken. The district early defaulted in the payment of interest on its bonded debt and by 1932 had begun to borrow from its general fund to replenish the bond interest fund. Since that time, with the approval of the District Securities…
2Cases cited4 opinions
- West Coast Life Ins. Co. v. Merced Irr. Dist.Court of Appeals for the Ninth Circuit · 1940
- Bekins v. Lindsay-Strathmore Irr. Dist.Court of Appeals for the Ninth Circuit · 1940
- Newhouse v. Corcoran Irr. Dist.Court of Appeals for the Ninth Circuit · 1940
- Taylor v. Provident Irr. Dist.Court of Appeals for the Ninth Circuit · 1941
3Cited by3 opinions
- Ex Parte York County Natural Gas AuthorityDistrict Court, W.D. South Carolina · 1965
- Ouerbacker v. Henderson CountyCourt of Appeals for the Fourth Circuit · 1942
- Mason v. Banta Carbona Irr. Dist.Court of Appeals for the Ninth Circuit · 1945