Chicago Title and Trust Co. v. Robin

The Chicago Title and Trust Company, as trustee, is here, as an appellant, challenging the validity of a decree of the circuit court of Cook county, affirmed by the Appellate Court for the First District, which directed it, as trustee under a deed of trust securing a bond issue, to bid an upset price fixed by the court for property at foreclosure sale and to discharge the indebtedness evidenced by bonds to the amount of the bid. The appeal comes here by a certificate of importance. The principal issue, whether a court of equity, in the absence of express provisions in the trust deed, has the…