Iowa Light, Heat & Power Co. v. First National Bank

The answer admits the allegations of the bill, from which it appears that the plaintiff, a corporation duly organized under the laws of the State of Iowa, and engaged in manufacturing, distributing, buying, and selling electricity for light, heat and power, was the owner of power stations, substations, poles, wires, meters, and other real and personal property. By an indenture dated October 2, 1916, a first mortgage on certain portions of the property was given to the International Trust Company, as trustee, to secure the payment of an issue of coupon gold bonds, bearing interest at five per…