In re Mission Independent School Dist.

KENNERLY, District Judge.

This is a proceeding under the Acts of Congress of August 16, 1937, 50 Stat. 655, of June 22, 1938, 52 Stat. 940, and of June 28, 1940, Sections 401, to 404, inclusive, Title 11, U.S.C.A., amendatory and supplementary of the National Bankruptcy Act, by' the Mission Independent School District, a local taxing agency within the meaning of such Acts, located in this District and Division, seeking a composition of its indebtedness, evidenced by its bonds amounting to $315,500, of which more than $100,000 are owned and held by the Permanent School Fund of the State of…