Salt Lake Telegram | 1932-04-13 | Page 18 | Would Reorganize Richfield Oil Company

Would Reorganize Richfield Oil Oi Company LOS ANGELES April Apri 13 13 CP- CP rV Reorganization of the Richfield Oil Oi company under a plan devised by J. J Paul Get Getty independent oil oi operator wa vas to be submitted today to members members mem memo bers of the bondholders' bondholders protective committee of the oil 01 company now In n the hands hand of a receiver If H the committee and subsequently 75 per cent of ol the holders of Richfield and Pan American bonds approve of ot the he plan the new company will wi agree to o bid a sal satisfactory factory price prie at the proposed proposed pro pro- posed foreclosure sale of or Richfield assets eth aset covered by the mortgages