Tietjen v. United Post Offices Corp.

• The Chancellor :

The plea sets up the defense that the complainant holds bonds which were issued under an indenture of mortgage whose terms are such as to forbid the maintenance of the pending bill. The plea sets out Section 1 of Article 7 of the indenture, which is as follows:

“Section 1; All rights of action in respect of this indenture shall be exercised only by the Trustees, or either of them, and no holder of any bond or interest coupon issued hereunder shall have any right to institute any suit, action or proceeding at law or in equity for the foreclosure of this indenture, or for the…