Langson v. Goldberg

This is an appeal by the plaintiff from a decree dismissing his bill for want of equity on motion of the defendants.

The facts charged in the complaint are that on May 15,1928, 32 South State Street Building Corporation, an Illinois corporation, now known as South State Street Building Corporation, issued and sold to the public a bond issue totaling $1,100,000, consisting of 2,530 bonds. The bonds were secured by a trust deed, dated May 15, 1928, conveying to American Trust & Safe Deposit Co., as trustee, the long-term leasehold from the board of education of the city of Chicago, which had…