Gee v. Hoeppner

S. J. Gee, trustee, filed a bill of interpleader in the circuit court of Lawrence county against two sets of defendants. He had been the holder of certain oil and gas leasehold estate's as trustee for the benefit and protection of two classes of creditors. ' One set of creditors held several notes, secured by trust deed, which was a first lien on the premises and this class of creditors is designated in this opinion as “noteholders.”

The other set of creditors held a number of bonds secured by another trust indenture, which was in effect a second mortgage, and this class of creditors is…