In Re South Coast Co.

NIELDS, District Judge.: June 13,1934, three creditors filed a petition in this court against the debtor under section 77B of the Bankruptcy Act (11 USCA § 207), setting forth that the petitioners “proposed that [the debtor] shall effect a reorganization.” Without answering this petition, the debtor, June 18, 1934, filed its petition under the same” section setting forth the facts required by the statute and stating that the debtor “desires to effect a plan of reorganization.” Attached to the petition is a certified copy of a resolution of the debtor’s board of directors authorizing the…