Page:United States Statutes at Large Volume 49 Part 1.djvu/960

 74T H CONGRESS. SESS. I. CH. 774. AUGUST 27, 1935. operate the business thereof during such period, and shall have all the title to the property and shall exercise all power consistent with the provisions of this section, subject at all times to the control of the judge, and to such limitations, restrictions, terms, and conditions as he may from time to time impose and prescribe. (3) The judge may, upon not less than fifteen days' notice pub- lished in such manner and in such newspapers as the judge may in his discretion determine, which notice so determined shall be suffi- cient, for cause shown, and with the approval of the Commission, in accordance with section 20 (a) of the Interstate Commerce Act, as now o r her eafte r ame nded, auth orize the trust ee or trus tees to issue certificates for cash, property, or other consideration approved by the judge, for such lawful purposes and upon such terms and conditions and with such security and such priority in payments over existing obligations, secured or unsecured, or receivership char l as might in an equity receivership be lawful. (4) The jud ge shall r equire the officers of the deb tor or the trustee or trustees, at such time or times as the judge may direct, and in lieu of the schedules required by section 7 of this Act, to file with the court such schedules and submit such other information as may be necessary to disclose the conduct of the debtor's affairs and the fair- ness of any proposed plan ; and shall direct the officers of the debtor, or the trustee or trustees, within such time as the judge shall set, to prepare and file wit h the court a list of all known bondholders and creditors of the debtor, and the amounts and character of their debts, claims, and securities, and the last known post-office address or place of business of each bondholder and creditor, and a list of all known stockholders of the debtor, with the last known post-office address or place of business of each, which lists the judge may require to be brought down to date at any time. The contents of su ch lists s hall not c onstitute admissions by the de btor or th e trustees in a proceeding under this section or otherwise. (5) It shall be the duty of anyone having information as to the names and addresses of the holders of any securities of the debtor to divulge such information to the trustee or trustees, upon written re quest ther efor and, upon petit ion b y any part y in inter est, and aft er hearin g, the ju dge may order the product ion of an y such information by anyone having and refusing to divulge it to any trustee, upon written request therefor. The judge may direct that the cost of preparing such information shall be borne by the debtor's estate. (6) If a lease of a line of railroad is rejected, and if the lessee, with the approval of the judge, shall elect no longer to operate the leased line, it shall be the duty of the lessor at the end of a period to be fixed by the judge to begin the operation of such line, unless the judge, upon the petition of the lessor, shall decree after hearing that it would be imp racticable and contrary to the public interest for the lessor to operat e the said line, in which even t it shall be the duty of the lessee to continue operation on or for the account of the lessor until the abandonment of such line is authorized by the Commission in accordance with the provisions of section 1 of the Interstate Commerce Act as amended. (7) The j udge shal l prompt ly determ ine and fix a rea sonable time within which the claims of creditors may be filed or evidenced and after which no c laim not so filed or evidenced may participate except on order for cause shown, the manner in which such claims may be filed or evid enced and allowed, and for the purposes of the plan and its accepta nce, after notice and hearing, the division of creditors and stockholders into cl asses according to the nature of 915 Judge may author- ize issue of certificates for cash, etc. Require debtor to file a dditi onal sch edul es. Vol.30,p.548;T;.S. C., p.321 . Lists to be prepar ed. Not de emed admis- sions by debtor, etc . Information as to holders of securities of debtor. Leases. Time for filing claims. Classifications.