Fitkin v. Century Oil Co.

MANTON, Circuit Judge.

By order of the District Court, a receiver was appointed for the La Porte Oil & Refining Corporation in a proceeding in equity to conserve its assets. That corporation had a mortgage upon its property, and the’ Guaranty Trust Company was named as trustee in the mortgage. . The corporation authorized and issued 5-year first lien and collateral trust 7 per cent, convertible gold notes giving the mortgage on its property as security therefor. The order appointing the receiver enjoined creditors from instituting or prosecuting claims or suits and further decreed that notice…