District Court, E.D. Pennsylvania June 2, 1936, No. 18156 (In re Reading Hotel Corp.)

KIRKPATRICK, District Judge.

Reading Hotel Corporation, which owns and operates a large, modern hotel in the city of Reading, filed its petition for reorganization under section 77B of the Bankruptcy Act (11 U.S.C.A. § 207), on September 6, 1934. The real estate was subject to two mortgages — first and second — •sectoring bond issues of $900,000 and $800,000, respectively.