In re Prudence Co.

MOSCOWITZ, District Judge.

The trustees of the debtor herein have petitioned this court for leave to organize a corporation under the laws of the state of New York with an authorized capital stock of $20,000, consisting of 200 shares of the par value of $100 each, for the purpose of negotiating and placing insurance, to the extent lawfully permissible, upon or in connection with properties in which the debtor herein directly or through its subsidiaries or any of them is interested, whether as owner of said properties or as servicing agent of the mortgages thereon or otherwise, and further…