In re The People

This is a Schackno Act proceeding for the reorganization of series N-69 of guaranteed mortgage certificates issued by the New York Title and Mortgage Company and representing participating interests in a single first mortgage of an unpaid principal amount of $1,450,000 on premises 235-239 Central Park West. The proposed plan calls for the administration of the mortgage by The City Bank-Farmers Trust Company.

For the reasons indicated in connection with the modification of the plan for the reorganization of series N-81 (154 Misc. 865), the method of selecting the trustee will be left to the…