Potter-Matlock Trust Co. v. Myers

KNIGHT, Justice.

This is a suit by appellee acting for himself, and other bondholders similarly situated, against appellant, trustee for the bondholders of the Diamond Rock Asphalt Co. and all unknown persons holding bonds of that now bankrupt company, asking for a declaration of rights concerning the disposition of certain money now in the hands of the trustee. These are the facts in the case as shown by the- pleadings and proof: Some years ago, the date not being material, the Diamond Rock Asphalt Co. was incorporated and bought the mineral rights of the defunct United Rock Asphalt Co. The…