Sears v. Greater New York Development Co.

MORTON, District Judge.

This is an action at law to recover interest on a bond. The present questions arise on a demurrer to the declaration. The facts alleged by the plaintiffs may be briefly summarized:

The plaintiffs’ testatrix owned $12,500, • face value, of the income bonds of the defendant, dated June 2, 1901, with'40 (i. e., aE) interest coupons attached. The provisions of ■ the bonds material to the present controversy • were as follows: The defendant company promised to pay to the hearer on June 1, -1921, at its' agency in Boston, a specified sum ($500 or $1,000),. “with interest at…