Exley v. H. W. Clark Co.

SPARKS, Circuit Judge.

This action sought a reorganization of appellee, an Illinois corporation, under sections 77A and 77B of the Bankruptcy Act (11 USCA §§ 206, 207). Appellee’s amended petition and modified plan were approved as fair and equitable, and from that order bf approval this appeal is prosecuted, under section 24b of the act as amended by Act May 27, 1926, § 9 (11 US CA § 47 (b).

The facts which are supported by substantial evidence are as follows: Appellee is a'corporation which has operated continuously since 1911, in manufacturing meter boxes and water works appliances, at its…