In re Ft. Wayne Electric Corp.
District Court, D. Indiana
In Bankruptcy. Augustus A. Oltapin, referee in bankruptcy, presents his petition, showing that on the 18th day of April, 1899, Samuel L. Morris and Charles H. Worden, as receivers of this court, sold the entire property of the.bankrupt corporation for $356,000; that they received in payment therefor the sum of $186,000 in the bonds of said corporation, which were held by the .purchaser, the General Electric Company, and $171,400 in money; and the referee claims that the…
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In Bankruptcy. Augustus A. Oltapin, referee in bankruptcy, presents his petition, showing that on the 18th day of April, 1899, Samuel L. Morris and Charles H. Worden, as receivers of this court, sold the entire property of the.bankrupt corporation for $356,000; that they received in payment therefor the sum of $186,000 in the bonds of said corporation, which were held by the .purchaser, the General Electric Company, and $171,400 in money; and the referee claims that the receipt of said sum in bonds wás a dividend paid on a preferred claim, and that he is entitled to 1 per cent, thereon, as…
1Opinion of the Court
BAKER, District Judge.
It does not appear from the petition of' the referee that any services were rendered by him in the declaration and payment of any dividend herein. He is allowed by the bankruptcy law "from estates which have been administered before him one per centum on all sums to be paid as dividends and commissions.” 30 Stat. 556, § 40, subd. a. In section 39, subd. a, he is required to “declare dividends, and prepare and deliver to trustees dividend sheets showing the dividends declared and to whom payable.” Id. '555.. These services involve a computation of the per centum to which…
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- In re GoldsmithDistrict Court, N.D. Texas · 1902
- In re BarberDistrict Court, D. Minnesota · 1899
- Bird v. City of RichmondCourt of Appeals for the Fourth Circuit · 1917
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