Thomas

El Dorado Irrigation District, the appel-lee, is an irrigation district duly organized and existing by virtue of the laws of the state of California, created and existing for the purpose of constructing, improving, maintaining, and operating certain ditches, canals, irrigation works and projects chiefly for the improvement of land therein for agricultural purposes. The Irrigation District comprises 30,702 acres of land, situated and located entirely within the boundaries of the county of El Dorado, state of California. The office and principal place of business is located in the city of Placer-ville, said county and state, and within the Northern District of California. From an interlocutory decree confirming a plan of composition for debt readjustment submitted to the court by appellee, and which had been approved and consented to by 95% of the holders of the bonds of the District, appellants, who are bondholders of some of *923 the bonds and who did not consent to the composition, have appealed.

The following facts were found by the trial court and are supported by the evidence :

Petitioner is an agency within the meaning and intent of the act of Congress approved August 16,…