Straus v. Metropolitan Incorporated

This is an appeal by plaintiffs from an order entered in a leasehold bond issue mortgage foreclosure, striking from the files a “joinder” by the bondholders ’ protective committee in the request by the bond indenture trustee for authority to bid in the mortgaged property at a foreclosure sale for the benefit of bondholders, under the provisions of Act No. 210, Pub. Acts 1933 (Comp. Laws Supp. 1940, §§ 14380-5 — 14380-9, Stat. Ann. §§ 27.1281— 27.1285).

Appellant James I. D. Straus is the trustee, under a trust mortgage executed in 1928 by Central Detroit Realty Company, to secure an issue of…