Detroit evening times. (Detroit, Mich) 1921-1958, 1941-08-12

n wealth Of speciality selling ex-
perience gained as sales manager
of the Packard Motor Car Com
pany of Missouri, following many
years of experience in the Pack
ard selling organization"
LEGAL ADVERTISEMENT
United STATES DISTRICT COuR T FOR
THE EASTERN DISTRICT OF MICHIGAN
sol THERN DIVISION
In .y the Matter o, BkTkoIr PAPER
gan Corporation. Debtor.
In Proceedings tor the reorganization Of .
Corporation under Chapter \ Of the
6 srfsfrp' sET At ri TM fi rdn FILING
OF PLANS OF REORGANIZATION OF
DEBTOR AND SETTING TIME FOR
MAKING BIDS FOR PURCHASE OF GER,
/ SETTING DATE FOR HEARING on ALL
PLANS OF REORGANIZATION WHICH
MAY BE FILED. AND SETTING DATE
BIDS. AND ORDER DIRECTING SALE
At a session OF said Court held in the
Federal Building. in the City Of Detroit.
Michigan. on the LIST day Of August. 1871.
] PRESENT: HONORABLE FRANK A.
PICARD TrFted states District Judge.
4 An Order To Show Cause. which issued
out OF this Court on July 81. 1871. having
this day come on for hearing before this
Debtor Detroit Paper Products Corporation.
:. should he authorized, upon such terms and
conditions as the Court may approve, TO
sell and dispose Of its property tland.
buildings, machinery and equpment) COM
prlsng its Kalamazoo Michigan. paper
mill plant. and also the machinery and
equipment contained in and comprising the
plastic products division OF its Detroit.
Michigan. plant; and there having been
present in Court Herman A. August, the
examiner; Oscar A. Msrkus, as attorney
for Debtor, c. J. Odenweller. Jr. as at
torney for the Securities and Exchange
Commission: Mortimer s. Gordon. as at
torney tor certain preferred stock holders:
and Harold n. Harris, Samuel s. Green
berg, Joseph ZwerdliaS, Harris w. Wien.
ner. Buell. Doelle. and Herman J. Bloom.
as attorneys for certain common stockhold-
ers and the Court having heard arguments
; Of all counsel and other interested persons
appearing IN the Court and having been
duly advised In the premises, and IL APP
pearing TO the Court that unless an other
Nlse feasible and fair plan Of reorganiza-
ton In accordance with the requirements
OF Chapter of the Act Of Congress re-
ating 10 bankruptcy can be presented to
the Court, that the land buildings, ma
chinery and equipment comprizing Debtors
I Kalamazoo. Michigan paper mill plant
should be sold and disposed OF and that
such sale and disposal OF said property
may be In aid Of reorganization OF
Debtor;
/ III is HEREBY ORDERED. that the
Examiner ana Counsel for Debtor shall
take all steps which they deem necessary
or advisable TO solicit and endeavor to
secure from any and all persons or other
sources who have expressed any interest
IN purchasing Debtors Kalamazoo, Michi-
gan paper mill plant Gland, buildings.
machinery and equipment and /or the
machinery and equipment comprising Debt
Or's plastic products division of It's Detroit.
Michigan. plant. bids for the purchase of
such property, tn he in writing and TO be
addressed TO and flied with the Examiner,
InF
! Detroit, Michigan. on or before Friday.
september >. 1871. at 3 90 o clock p. NJ
/ eastern Standard Time, any bid per-
tanning 10 the purchase Of Debtors Kaia-
mazoo. Michigan. paper mill plant property
4 TO be accompanied by a certified check
payable TO Debtor, In an amount OF not
less than SO. OOO. 90 and
! 1T is FURTHER ORDERED. that Sep
TENDER 5. 1871. is hereby designated and
fixeo as the last and final day of a period
within which plan or plans of reorgan.
ikation for Debtor may be filed In this
Court by the Examiner Debtor creditors
and stockholders OF such classes as may
/ be entitled TO participate In any plan Of
/ reorganization; and
1T is FURTHER ORDERED. tina, Sep
! TENDER Is. 1851, at 900 o'clock In the
h forenoon Eastern Standard Time) at Room
i s54 Federal Building, Detroit. Michigan
I be and II hereby Is fixed as the time and
place for hearing on such plans for the
\ reorganization of Debtor II any, a. may
be filed and proposed in this Court as
above provided and for the consideration
OF all objections and amendments thereto:
and
/ 1T is FURTHER ORDERED. that Seq
TENDER Is, 1871, at $500 clock In the
afternoon eastern Standard TimeD Al
Room s5f Federal Building. Detroit Michl-
gan be and Il hereby il fixed as the time
and place for hearing to consider the
adequacy and sufficiency OF any and all
:. bids that may be received for the pur-
chase Of DEBTORS Kalamazoo, Michigan.
~
equipment comprising Debtors plastic
j products department. as proposed and
! provided for IN this order, and for the
consideration OF all objections and amend.
j fnents thetetO the Court reserving the
] right TO reject any and all bids: and
1T Is FURTHER ORDERED, that
DebtorS kslsmazoo. Michigan paper mall
pant shaIl be sold on september is. 1871
Tor as soon thereafter az mechanics for
lconsummatng and effccting sucn a sale
can be arrangedJ, ca a. In the opinion az
TINS Court. there shall have been received.
4 a. provided hcfeina bgye A satisfacforv MD
upon terms and conditions accep,sbI, a.
TINS Court, and CO.. N at or after the
nearing on September Is. lsif, at 900
O'Clock A. NJ. on such plans for the re-
\ ORGANIZATION 81 Debtor, n any az NAV he
filed and proposed In this Court a. above
I provided, this Court shall not have entered
\ an order approving any such plan nscss-
stating the retention OF Debtors Kalama-
ZOO, Michigan. paper mill plant properties
as In the opinion OF this Court complies
with the provisions Of Section 2iS Of chan
/ Ter Of the Act OF Congress relating IL
bankruptcy, as amended. and when In the
\ opinion Of this Court Ia far, equltabis ana
\ feasible. and
! 1T is FURTHER ORDERED, that
\ printed copies Of this Order 10 the forexo.
ing respects shall be mailed ~ Debtor %
\ US stockholders, creditors, and all other
parties entitled 10 such notice within 10
days after entry ~ this order and that
a copy Of this Order shall be published once
/ IN paper OF general circulation IN the CITY
Y OF Detroit. County Of Wayne and state OF
Michigan (tto be selected by the Examiner
and Counsel for DEBTOR and IN two OF the
recognized trade journals OF the paper
board ana corrugated paper oontslnsr IN.
aus'ry TO " selected ~ the Examiner
and Counsel for DEBTOR and
4 1T Is FURTHER ORDERED that All
other matters heretofore adjourned 10 ara
scheduled 10 be heard on August 4 1871.
be adjourned 20 September IS 1871 ~
Zoo O'Clock p. N. tEsstsrn STANDARD
Tims).