Imperial Valley press., 1936-02-03
LEGAL ADVERTISEMENT
IN BANKRUPTCY
No. TIA

No. lila
IN THE DISTRICT COURT OF
THE UNITED STATES OF
AMERICA, southern DISTRICT
OF CALIFORNIA, SOUTHERN
DIVISION.
In re CITY OF IMPERIAL,
California General Obligation
Bonds.
TO THE CREDITORS OF CITY
)l' IMPERIAL, CALIFORNIA. AND
ALL INTERESTED PARTIES:
You and each of you will please
take notice that the Honorable
Harry A. Hollzer, United States
District Judge, acting under and
pursuant to t e authority of
Chapter TX of the Federal Bank
ruptcy Act, did on January "a, 1886,
at San Diego, California, enter his
certain INTRODUCTORY DE
CREE in the above captioned mat
ter providing and decreeing in sub
stance as follows:
|. That the proposed plan of re-
adjustment dated January IA,
1885, and attached to and form
ing a part of the petition on
file in the above matter Shall
be temporarily operative with
reference to all Indebtedness af-
fected thereby and that the
payment OF the principal and
interest of such indebtedness be
temporarily postponed and ex-
tended and otherwise readjust-
ed in the sane manner and
upon the same terms as if such
plan had been finally confirm
ed and put into effect subject
to the further order Of the
court, provided however that
any creditor of the taxing dis
trict holding five per centum in
amount of bonds of the district
may appear and controvert the
facts alleged in the petition of
the taxing district at any time
within ninety 900 days after
November 5, 1885.
2. That the taxing district afore-
said shall file with the clerk
OF the above court certain sched-
uleS in said decree described
and also open its books, records
and files to any creditor on each
business day until February 81,
1896.
3. That Security First National
Bank of Los Angeles, Head Of
flee, Sixth and Spring Streets,
Los Angeles, California, be des-
lgnated as the depositary Of all
outstanding bonds and that all
bonds of the taxing district af-
fected by said plan, together
with all unpaid coupons per-
tanning thereto, shall be deposit
ed with said bank within 80
days-to-Wit, on or before Feb
ruary %, l936-to be exchanged
for new bonds Of the taxing
district upon the final consum-
nation of this proceeding and
that no creditors shall be en-
titled to have new securities
delivered to them in exchange
for existing securities unless by
means of said depositary.
4. That petitioner proposes to ex-
pend the following sums in con-
nection with the above proceed
ing and will at said time and
place seek an order authorizing
and approving said expenditures
as proper within and under the
above mentioned act:
Clerks filing fee $1,000
Mileage of Special
Counsel commandments 3275
Cost o. publishing Hear
ing or January "a,
1886 ........ .........................$ $3.50
Other Notices, including
proposed plan ..............$1579 81
Compensation of Special
Counsel ....................... $3.50 0C
Expert Witness Expense, $4,000
Cost of printing new
Bonds (estimatedD $4,000
Cost Of Special Election
on new DondS (eSC) SZ0U.UU
Cost of Attorneys Opin-
ion as to validity of
refunding bonds as in
proposed plan Of read
justment provided .....$250.0C
Estimated additional trans
portation costs .......-...$l750 C
Estimated Cost Of addi-
tional Notices $1,000
5. That the hearing on the pro-
posed plan of readjustment afore-
said be continued to Friday, Feb
ruary %, 1886 at the hour of II
o'clock AM, at the Court Room Of
the above court, Post Office Build
ing, San Diego, Calf.
Reference is hereby made to the
original dated January "a, 1896
on file with the clerk of the above
court for full details.
LAWRENCE Ct. NILES,
Mayor of the City of Impe-
rial.
Dated January rs, 1896.
Jan.27-Feb.