Rogers v. Garlington

GARDNER, Justice.

Petitioner, a holder of second mortgage bonds of the Mobile Bay Bridge Company, a corporation, obtained a decree in the circuit court of Mobile county, Ala., in equity, for the sale of the properties of said corporation, including what is generally referred to as the Cochrane bridge, for the benefit of the creditors of said corporation. The Alabama Bridge Authority, Inc., made an offer therefor acceptable to the said circuit court, and decree was rendered to that effect.

In completing the purchase, the said Alabama Bridge Authority, Inc., is to issue its bonds therefor, and…