Spring Coal Co. v. Keech
Court of Appeals for the Fourth Circuit
Appeal from the District Court of the United States for the Western District of Virginia, at Lynchburg; Henry Clay McDowell, Judge. Suit in equity by Thomas T. Boswell and others against the Big Vein Pocahontas Coal Company. From an order confirming report of Edward P. Keech, Jr., and Harry H. Heiner, late receivers, the Spring Coal Company, intervener, appeals.
1Opinion of the Court
JOHNSON, District Judge.
The Big Vein Pocahontas Coal Company was a corporation organized under the laws of West Virginia and owned coal property and operated it in the state of Virginia. On May 1, 1909, the said company by indenture conveyed certain of its property to the Colonial Trust Company, a Maryland corporation, as trustee, to secure the payment of an issue of 6 per cent, sinking fund gold coupon bonds, par value $1,000 each, aggregating $400,000. Of these, bonds of a par value of $275,000 were issued and outstanding on October 28, 1910. Of the outstanding bonds, $212,000, were held by…
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