First Nat. Bk. of Birmingham v. Southeast Al Gas Dist.

LIVINGSTON, Chief Justice.

This is an appeal by the First National Bank of Birmingham, as Trustee, from a final decree of the Circuit Court of Covington County, in Equity, dated March 8, 1960, and a decree supplemental thereto, dated April 6, 1960, in an action brought by the Southeast Alabama Gas District for a declaratory judgment and incidental relief against the First National Bank of Birmingham, as Trustee, and numerous other persons, firms and corporations, who are the owners and holders of the outstanding first mortgage natural gas revenue bonds of the Gas District.

Under and by virtue…