Federal Trust Co. v. Bristol County Street Railway Co.
Massachusetts Supreme Judicial Court
Bill in equity, filed in the Superior Court on June 21, 1909, to foreclose a trust mortgage made to the plaintiff securing an issue of $200,000 of bonds made by the defendant the Bristol County Street Railway Company, the property and franchises of which had passed to the defendant the Taunton and Pawtucket Street Railway Company.
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Bill in equity, filed in the Superior Court on June 21, 1909, to foreclose a trust mortgage made to the plaintiff securing an issue of $200,000 of bonds made by the defendant the Bristol County Street Railway Company, the property and franchises of which had passed to the defendant the Taunton and Pawtucket Street Railway Company. After the decision by this court which is reported in 218 Mass. 367, the case was remanded to the Superior Court under the re-script then issued, the plaintiff amended its bill and the Taunton and Pawtucket Street Railway Company, the only defendant in interest,…
1Opinion of the CourtRugg, C. J.
This is a suit for the foreclosure of a trust mortgage indenture and another indenture supplementary thereto, dated respectively January 25, 1901, and August 20, 1901. The instruments will be referred to hereafter as the principal and supplemental indentures. The suit is brought by the mortgagee and trustee therein named for the sale of the property covered by them and the application of the proceeds to the satisfaction of bonds alleged to be secured thereby now owned by divers innocent holders for value. There are two defendants. One is the Bristol County Street Railway Company, which was…
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