Johnson v. McGraw

This action was brought to foreclose local improvement bonds. In the year 1914, the city of South Bend, to pay for a local improvement, issued bonds. The plaintiff is the owner of bonds 6 to 25, inclusive, each of the par value of $100. The bonds' were made payable on or before ten years from the date of their issuance. They had never been called by the city treasurer, and no interest had been paid subsequent to the year 1920. The action was brought in 1925. The owners of bonds 1 to 5 were not made parties, and apparently it was not known to the plaintiff who owned those bonds. The plaintiff…