Oakland Bank of Savings v. California Pressed Brick Co.

The California Pressed Brick Company executed a deed of trust conveying to Bankers Trust Company certain property, real and personal, comprising the plant in use by the Brick Company for the making of pressed brick and similar articles, as security for payment of a series of bonds issued by the Brick Company, amounting to one hundred thousand dollars. Afterward, the Oakland Bank of Savings; was duly substituted as trustee. Bonds to the amount of ninety-three thousand four hundred dollars have been issued and are unpaid. The object of this action is to -foreclose the lien of said trust deed…