Imperial Valley press., 1934-09-27
NOTICE OF HEARING PLAN OF
REIMBURSEMENT
No. 901

In the District Court of the United
States, in and for the Southern
District of California, Southern
Division. in the Matter of I'M
PERIAL IRRIGATION DIS
TRICT, an irrigation district,
Debtor.
To the Creditors of Imperial Irri-
CATION District, Debtor:
PLEASE TAKE NOTICE that by
Order of the District Court of the
United States, for the Southern
district of California, Southern Di-
ision, dated September 10th, 1884,
lpon the petition of Imperial Irri-
cation District, Debtor, q hearing
will be held in the court room Of
Honorable Harry A. Hollzer, Judge
of the above-entitled Court, in
Federal Building, Post office Build
ing, "F" Street, San Diego, Califor-
MIA, on November 18th, 1894, at
ten o'clock in the forenoon and
that at such hearing the plan of
readjustment attached to and filed
with said petition will be consid-
cred, together with any changes
therein or notifications thereof
(which may be proposed, and that
upon such hearing said District and
any creditor shall be heard upon
the question of the proposed con-
firmation of said plan and upon
the question whether or not the
Judge should enter an order con-
firming said plan, and otherwise
as provided by Section 80 OF the
Bankruptcy Act. A copy OF said
plan of readjustment IS attached
to the petition On file in the above
entitled Court as Exhibits "a" and
"B" thereof and copies likewise are
on file in the office of the Dis
trict, at Ell Centro, California, for
the inspection of creditors.
Said plan Of readjustment mate
rally affects the holders of all
outstanding bonds of the Imperial
Irrigation District which 1t Is pro-
posed shall be refunded by the is
suance and exchange therefor OF
refunding bonds OF Imperial Irri-
CATION District, to be dated Feb
ruary /, 1898, aggregating in prin-
cipal amount S14,250,000, divided
into three divisions whereof $6,000,-
600 principal amount of bonds of
the First Division and $7500,000
principal amount Of bonds of the
Third Division mature and become
payable on January l, 1888, and
s75000o principal amount of bonds
of the Second Division mature
$35O000 principal amount on July
l, 1899, and 100000 principal
amount on July /, 1912; all bear
ing interest at varying rates as
more fully set forth in said plan.
Said plan of readjustment mate
rally affects the holders of all
outstanding warrants of Imperial
irrigation District which were is
sued and registered prior to jan
uary l, 1888, and provides in gen.
eral for reduction in the inter-
est rates ON such warrants in SUBJ
stantially the same percentage as
the reduction in interest on the
refunding bonds and for the cor
responding periods, and also pro-
vides for an extension of time for
the payment of such warrants tc
July 1, 1912.
No other creditor of the Inpe-
rial Irrigation District is affected
materially or adversely by said plar
of readjustment.
Reference is hereby made to the
petition on file In the above en-
titled Court and to the exhibits at
tached thereto for all details ant
particulars of said proposed plar
Of readjustment and the proceed
ingS to be taken herein.
NOTICE IS HEREBY FURTHER
GIVEN that said plan of readjust.
ment has been approved by the
Imperial Irrigation District, by the
California Districts Securities Com.
mission, and by the holders OF
owners of more than two-thirds in
amount of the bonds and warrant:
of said district respectively, af
fected thereby, and that said dis.
trict is authorized by law. upor
confirmation of said readjustment