Bechtel Trust Co. v. Iowa-Wisconsin Bridge Co.

SCOTT, District Judge.

This is a suit in equity by trustees under a trust deed, purporting to secure a $200,000 issue of bonds, and that purports to convey to the trustees an interstate bridge across the Mississippi river from the town of Lansing in Allamakee county, Iowa, to a point on the opposite Wisconsin shore. Plaintiffs’ bill alleges default and a breach of condition in failure to pay the principal of two bonds of $5,000 each, the interest upon the entire issue, and' the taxes on the bridge. The defendant, Iowa-Wisconsin Bridge Company, hereinafter referred to as the Bridge Company,…