Lustron Corp Details Completed For Sale In Ohio
Details completed for the Lustron Corporation auction in Columbus Ohio. The sale includes machinery fixtures and equipment valued with more than 36.5 million dollars from the Reconstruction Finance Corporation. Federal Marshal Harold K. Clay will direct the sale of the prefabricated housing plant assets including patents trademarks trucks and passenger cars. The Lustron plant is to be sold June 6 after RFC foreclosed when private sale failed.
MENTIONED IN THIS ARTICLE
Columbus
In Progressive Homes, Inc
Lustron Corporation
Reconstruction Finance Corporation
Harold K. Clay- Poo
RFC
Lustron
Purchase ban on various assets under receivership bid
Clyde M. Forerker as receiver oversaw a plan to sell about 700000 dollars worth of unlawful to drive any horse drawn raw steel tools and other personal property not covered by RFC mortars buckets for watering gages. No horses included in the sale. Judges decision kept 1300000 dollars in cash and receivables from sale. Foraker's counsel argued bank accounts needed to keep operations. Carl G. Standlund given until Monday to answer RFC claim that he is liable for 15500000 dollars in REC loans.
MENTIONED IN THIS ARTICLE
Clyde M. Forerker
Aidermen
RFC
Mell G. Underwood
Foraker
Counse
Carl G. Standlund
Lustron
REC
Public schools offer childminding courses in borough
Robert C. Landis superintendent of public schools says baby sitting is here to stay and has started childminding courses in the borough's public high school.
MENTIONED IN THIS ARTICLE
Taugrt Conshocken
Robert C. Landis
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