Ghingher v. Thomsen

Boxd, C. J.,

delivered tbe opinion of the Court.

In the present case the Union Trust Company, one of the banking institutions held in custody and control under the Emergency Banking Act, chapter 46 of the Acts of 1933, holds, as trustee under a mortgage or indenture of trust to secure an issue of bonds, of the Potomac Mortgage Company, a fund paid in by that company to meet interest coupons shortly to fall due; and these bondholders and the company itself claim a right to have the amount set apart and applied on the coupons notwithstanding the provisions of the Emergency Banking Act. They…