In Re Preble Corporation

PETERS, District Judge.

The particular phase of this matter to be considered is the petition filed by inteivcnors representing the first mortgage bondholders asking for an order- directing the trustees, out of the rents collected and in their hands, to pay a balance of taxes for the year 1935, assessed by the city of Portland oil the property under the management of the trustees. A payment of about 84,700 was made on account March 18th, last, and there is a balance due of approximately $30,000. At a hearing, after notice given, objection to such an order was interposed by counsel representing…