In Re Mississippi Valley Utilities Corporation

NIELDS, District Judge.

Early in January, 1933, Mississippi Valley Utilities Corporation, a Delaware corporation, owning ice and coal plants in and about Memphis and Northern Mississippi was placed in the hands of an equity receiver by federal courts. Bonds of the company to the amount of over one half million dollars were in default, both as to principal and interest, and these courts appointed the same person a receiver in mortgage foreclosure suits which were consolidated with the equity suits. The outstanding capital stock of the company consisted of 6,139 shares of common stock and 1,899…