Bay County v. Northeastern Michigan Fair Ass'n

The county of Bay filed its hill of complaint for an adjudication and determination of rights to the proceeds of fire insurance payable as the result of the destruction by fire of a grandstand erected on fairgrounds owned by plaintiff. Defendants are the Northeastern Michigan Fair Association, which raised the money to build the grandstand by means of a bond issue, the chairman of the bondholders ’ committee, and the Peoples Commercial & Savings Bank, trustee under the bond issue. Plaintiff was awarded a decree, in which it was held entitled to the proceeds of the insurance policies; and…