In Re West Counties Const. Co. Walker v. West Counties Const. Co.

DÚFFY, Circuit Judge.

The Circuit Gourt of Kane. County, Illinois, appointed Herbert Cameron as temporary receiver of the debtor by order dated April 26, 1948, and as permanent receiver by order dated June 11, 1948. The receiver operated the business of producing roadstone and agricultural limestone from debtor’s quarry located near Elgin, Illinois. On August 18, 1948, the receiver petitioned the Circuit Court for authority to borrow $20,000 on the stockpile of material then accumulated. On August 20, 1948, the Circuit Court granted permission to the receiver to borrow the money and to pay a…