Page:United States Statutes at Large Volume 49 Part 1.djvu/962

 74T H CONGRESS. SESS. I. CH. 774 . AUGUST 27, 1935 . 917 approval of the judge may especially employ. Appeals from orders orae ~als fr•m cour t of the court fixing such allowances may be taken to the circuit court of appeals independently of other appeals in the proceeding and shall be heard summarily. The Commission shall, at such time or times as it may deem appropriate, after hearing, fix the maximum allowances which may be allowed by the court pursuant to the provisions of paragraph (12) of this subsection (c) and, after Ma x' um compen- hearing if the Commission shall deem it necessary, the maximum cation al l owanc e. compensation which may be allowed by the court pursuant to the provisions of paragraph (2) of this subsection (c). (13) The judge may on his own motion or at the request of the Reference to special Commission refer any matters for consideration and report, either masters' generally or upon specified issues, to one of several special masters who shall have been previously designated to act as special masters in any proceedings under this section by order of any circuit court of appeals and may allow such master a reasonable compensation for his services and actual and reasonable expenses. The circuit Designation of. court of appeals of each circuit shall designate three or more mem- bers of the bar as such special masters whom they deem qualified for such services, and shall from time to time revise such designa- tions by changing the persons designated or their number, as the publi c interest may re quire : Provided, however, Th at there shall Number. al ways be three of such spe cial mast ers quali fied for app ointm ent in each circuit who shall hear any matter referred to them under this section by a judge of any district court. The debtor, any Right of debtor, cred- creditor or stockholder, or the duly authorized committee, attorney itor, etc., to be beard. or agent of either or the trustee or trustees of any mortgage, deed of trust or indenture pursuant to which securities of the debtor are outstanding, shall have the right to be heard on all questions arising in the proceedings, and, upon petition therefor and cause shown, any such person or any other interested party may be permitted to intervene. The judge' may, after hearing, make reasonable rules Jud ge may make defining the matters upon which notice shall be given to other than appr opriate ru les. interveners and the manner of giving such notice. (d) The debtor, after a petition is filed as provided in subsection R eorganiza tion plans - (a), shall fil e a plan of r eorg aniz ation wit hin six month s of the Filingprovisions . entry of the order by the judge approving t he petition as pr operly filed, or if heretofore approved, then within six months of the effective date of this Act, and not thereaf ter unless such t ime is extended by the judge from time to time for cause shown, no single extension at any one time to be for more than six months. Such plan shall also be filed with the Commission at the same time. Such plans may likewise be filed at any time before, or with the consent of the Commission during, the hearings hereinafter provided for, by the trustee or trustees, or by or on behalf of the creditors being not less than 10 per centum in amount of any class of creditors, or by or on behalf of any class of stockholders being not less than 10 per centu m in amount of an y such class, or with the consent of the Commission by any party in interest. After the filing of such a P ublic hear ings. plan, the Commission, unless such plan shall be considered by it to be prima facie impracticable, shall, after due notice to all stock- holders and creditors given in such manner as it shall determine, hold public he arings, at which opportunity shall be given to any inter- ested party to be heard, and following which the Commission shall siReport by Commis- render a report and order in which it shall approve a plan, which may be different from any which has been proposed, that will in its opinion meet with the requirements of subsections (b) and (e) of this section, and will be compatible with the public interest ; or it shall render a report and order in which it shall refuse to approve