Trimble & Bell v. Acme Mills Co.

Opinion of the Court by

Judge Carroll

Reversing.

In January, 1910, the Acme Mills & Elevator Company hereinafter called the Mills Company, a corporation doing business at Hopkinsville, issued $200,000 of twenty year bonds, and to secure the payment of these bonds and the semi-annual interest thereon, it executed a deed to the Planters Bank & Trust Company conveying to it, as trustee for the holders of the bonds, all of its property, “covering and including any and all property, real, personal or mixed, hereinafter to be acquired by said company, except stock in trade.”

It was also provided in the…