Trust Co. v. . Wilder

On 7 May, 1930, the defendants executed and delivered to the plaintiff as trustee of the Perpetual Agreement Fund of the Oakdale Cemetery Company two promissory notes in the sum of $2,000 each. These notes were secured by a deed of trust on certain property in Wilmington. The payees in the notes were the trustees of the Perpetual Agreement Fund of Oakdale Cemetery Company, and the plaintiff is the successor of said trustees by virtue of chapter 69 of the Private Laws of 1931. The trustee, in the deed of trust securing the notes, upon default, advertised and sold the property on 30 August,…