OCR transcription — Page 201
BU 92-61 — continuation — report page -8-.
The creditors listed in the petition for bankruptcy were as follows: Erie Railroad for rent; B & M Motors, Niagara Falls, New York; Anheuser-Busch Company; a loan from SAM MOORIDIAN — $2,000 owed to SAM MORRIDIAN as accountant [spelling varies in scan]; priority creditors — $189; creditors holding securities — $532.08; unsecured creditors — $48,361.11.
The corporation listed total debts of $49,082.19 and total assets of $18,274.14. The petition said the corporation owned no real estate and had approximately $12,800 in personal property consisting of warehouse and office equipment. Accounts receivable were listed at $2,973.36. The corporation reported no stock in any other company or corporation.
An individual whose identifying information is [REDACTED] was described as a longtime Niagara Falls resident and member of [REDACTED].
An August 15, 1958 Niagara Falls Gazette article, 'Firm's Goods to be Sold,' reportedly announced a September 4, 1958 auction at 200 9th Street, Niagara Falls, to satisfy creditors of the bankrupt Power City Distributing Company, Inc.; assets said to total $18,275 were to be sold.
An August 23, 1958 Niagara Falls Gazette article, 'Falls Beer Distributors Forfeit Bond,' reportedly stated that Power City Distributing Company, Inc. had forfeited a $2,500 State Liquor Authority bond because of legal violations. The article reported the company's conviction by the State Liquor Authority of 18 Alcoholic Beverage Control Law violations. [Continues on next page.]
[Redacted information is not reconstructed; this is a draft transcription of visible text.]
Uncorrected machine OCR. Verify names, dates,
and quotations against the original FBI scan.