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PERMISSION TO SELL PLEDGES BANK GIVEN Receiver of Bay Point Bank Given Requested Permit On Plea To Superior Judge McKenzie. Permission to sell $35,500 worth of personal property and securities, which was pledged as collateral by the first National Bank of Bay Point to various corporations, was granted by Superior Judge A. B. McKenzie today. An application was filed this morning by H. P. Hilliard, receivof the bank, for an order giving him permission to sell the property. He listed the $35,500 in securities which were pledged as collateral to the Anglo California Trust company, to the Contra Costa treasurer to secure public funds and to the Fresno county treasurer, to secure public funds. Hilliard stated in his application that he had the authorization of the comptroller of the currency apply for the permit.