Meek v. Electrical Engineering Equipment Co.

Mr. Justice Op ’Connor

delivered the opinion of the court.

Plaintiff, the owner of a $500 bond, being one of an issue aggregating $350,000, payment of which was secured by a trust deed on certain property, brought an action against defendant (the maker of the bonds) to recover their face value with interest in default from February 1,1933; the bond was dated February 1,1926, and was due by its terms February 1, 1938. Plaintiff alleged in her complaint that by reason of defendant’s default in the payment of interest falling due February 1, 1933, she elected to declare the principal sum…