No. 14438. May 8, 1961. J.B. Collier, Ironton, Ohio, for appellant. James E. Waldo, Ironton, Ohio, for appellee. Before MILLER, Chief Judge, SIMONS, Senior Circuit Judge, and O'SULLIVAN, Circuit Judge. PER CURIAM. The Reconstruction Finance Corporation filed this action to recover on revenue bonds held by it and issued by the defendant-appellant, Village of Proctorville, Ohio, in the financing of a municipal water works and sewer system. On its application the District Court appointed a Receiver