People Ex Rel. Nelson v. Chicago Bank of Commerce

Herman S. Strauss, the First National Bank and Trust Company of Minneapolis, and J. E. Lehman, were designated as trustees in certain trust deeds given to secure issues of bonds in Cook county, Illinois, and other localities. The Straus Brothers Investment Company was designated in said trust deeds as depositary, paying agent, registrar and withholding agent under said trust deeds. Herman S. Strauss, in each of said trust deeds, was given a power of appointment to designate a new depositary, etc., in case of vacancy. Each of said trust deeds contained a pledge of rent as security for the…