Ickes v. Phelps-Hendrickson Co.

The bill of complaint filed herein by Ickes contains allegations in substance that the East Coast Development Company, a corporation, is, subject to certain trust deeds securing a bond issue and promissory notes, aggregating $50,000.00 and $150,000.00 respectively, the owner of described lands; that George C. Priestly was the president of the defendant East Coast Development Company and owned considerable of the capital stock of said company; that the company was in default in the payments due on its bonded and other indebtedness; that Priestly sought the services of complainant Ickes in…