Easton v. Butterfield Live Stock Co.

BAKER, District Judge.

— -The contending parties in this court are the directors and statutory trustees of the Butter-field Live Stock Company, Limited, hereinafter referred to as the “live stock company,” a corporation whose charter has been forfeited for failure to file its annual statement and pay its annual license tax, as appellants, and the intervenor, High & Fritchman Company, as respondent. The demands of all other parties have been satisfied.

Under date of October 1, 1922, the live stock company, for the purpose' of borrowing money, issued its bonds for the total principal sum of…