Article Text
Authorize Sale Of Bank Assets, Market Values Judge Peters Instructs Receiver Ernest M. Shapiro to Proceed with Liquidation Under Comptroller of Currency--F. Winter Opposed Petition Ernest M. Shapiro of Auburn, receiver, stated he had been authorized Saturday by Judge John U. District court in to sell, subject to consent and approval of Comptroller Currency, remaining securities the National Shoe Leather bank of Auburn. of book value of $952,291.74. the highest market value obtainable. This action asked on petition Shapiro the manner scribed for all National bank ceivers by the Comptroller of the Currency, he presented by Judge Fred H. Lancaster Lewiston, attorney for Shapiro. Winter's Interest The petition approved over the opposition Frank W. Win's ter Auburn. who asked that the at public tion under the hammer from the steps the Androscoggin county courthouse. When asked by Judge Peters what his interest in the proceedings Winter replied he was prospective purchaser. While not depositor Winter held shares common stock in the Auburn bank at the time of the Judge Peters failed to agree Winter, according piro, saying auction, as quested, would bring less than 50% of the value of the securities. required the Individual securities be listed court order for they were the receivpetition, asking order. securities sold thru an office maintained for this York U. Comptroller of the Currency.