Chicago Title & Trust Co. v. Chief Wash Co.

The plaintiff, the Chicago Title and Trust Company, as successor trustee to the Cody Trust Company, filed a complaint in the superior court of Cook county against the Chief Wash Company (hereinafter designated defendant) and others, to foreclose a bond issue. Defendant answered and also filed a counter-claim seeking the removal of the successor trustee and damages against it on account of an alleged wrongful institution of the foreclosure suit. Subsequently, the First National Bank of Ottawa and others, (hereinafter referred to as intervening petitioners,) claiming to be the holders of all…