Ex parte Chester County Natural Gas Authority

INTERLOCUTORY ORDER GRANTING APPROVAL OF PLAN OF COMPOSITION

HEMPHILL, District Judge.

Petitioner asks approval of a Plan of Composition, as authorized and defined in Title 11, Chapter 9, United States Code. The Petition for Approval of Plan of Composition bears date April 1, 1966.1 At that time the Fiscal Agent2 of the Authority then held consents in writing approving the Plan by or on behalf of some 70% 3 of the affected creditors, though only 51% approval was required at that time under the applicable provisions of law. No requests for withdrawal of consent were made and no authority…