Mason v. Paradise Irr. Dist.

STEPHENS, Circuit Judge.

This appeal is by a bondholder from an interlocutory decree approving a reorganization plan of a California irrigation district organized under the California Irrigation District Act of 1897, Cal.Stat. 1897, p. 254.

But two points are presented.

Firstly, it is contended that the bondholder has not been treated fairly or equally in the reorganization plan inasmuch as other creditors may be awarded 4% refunding bonds while he must take cash¡ for the bonds he is required to surrender. Appellant admits that this court has held contrary to his contention in West Coast Life…