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.aiio'Bdnkrupt Firm Is $25 Million In Debtnr-Vilt;e?rlt«i eUFAULA, Okla, (UP1) — holders want to be paid for ~^As much as $25 million in their invesments in bonds r*i bonds may have been issued across Oklahoma, Kan-generated by aetivites of sas and Missouri, he said, bankrupt Eufaula Enter- Naifeh said the firm or its prises,.an attorney for the parent firm. Perry, Adams court-appointed trustee says, and Lewis Inc. of Kansas City, Robert Naifeh of Norman Mo., has managed bond sales ..^■represents former Cor- and investments in Wellston, poration Commission Newkirk, Keystone Reservoir :„vChairman Charles Nesbitt, devel opments near Tulsa; i named trustee by the federal subdivisions on Lake of the court in Oklahoma City after Ozarks in southern Missouri, a (.ji-the firm was declared utility development at ^bankrupt June 28. Mayfield, Kan., an oil drillingjo* A hearing is scheduled in effort in Kanapolis, Kan., and ^Oklahoma City federal court a “possible tie-in” with Caddo Tuesday to determine whether County Gas Authority at Nesbitt, as trustee, can take Eakley, Okla. over management of the “We're trying to make sfimeWellston Natural Gas Au- semblance of sense out of the thority. whole mess, Naifeh said.Naifeh said if the trustee is . p.,, ■ .. .SETS utnuytaking over other trusts Authority, which buys water 'f . . tr-./Qi.ia from ^e city and charges a• g .operaled y E - ^ rflte j.Qr wa^er connections.3^,prises, w ay j0 homeowners^ Iri develop-^ The Muskogee Daily ments owned by lhe firm‘1 Phoenix quoted Naifeh as Naifeh said in one tran-,}V saying $20 to $25 million in saction Eufaula Enterprises ^bonds may be “floating apparently conveyed “con-„ t,around the United States, tracts for deed to a Missouri '^ generated by activities of firm in exchange for stock in '! Eufaula Enterprises. Bond- that corporation.
Newspaper Details
The Hays Daily News
Hays, Kansas, US
Sun, Jul 25, 1976
Page 32
Full Page
Clipped by
Metropolitan L.
Oklahoma, USA 19 Dec 2024
Other Publications Near Hays, Kansas
The Hays Free Press
The Hays Daily News
