Citizens' Savings Bank & Trust Co. of Hamilton v. St. Paul Trust & Savings Bank

FOSTER, Circuit Judge.

This was a suit brought by appellee, the St. Paul Trust & Savings Bank, formerly fhe Yan Sant Trust Company, as trastee, and Grant Wan Sant, as individual trustee, under an indenture to secure an issue of bonds, aggregating $175,000 and -resting on certain real estate in Clay county, Fla., owned by the Walkill Stock Farms Cpmpany, to set ¿side a subsequent issue of bonds involving the same property.

After the first bond issue the Legislature of Florida adopted an act, section 37 of chapter 8008 of 1919, providing for the organization of stump and land clearing districts,…