Oster v. Buildings Development Co.

The defendant is a Wisconsin corporation and the owner of a ninety-nine-year leasehold interest in business property situated in the city of Milwaukee. On March 28, 1927, defendant executed a deed of trust to M. Ernest Greenebaum, Jr., conveying this leasehold interest as security for a certain bond issue. Plaintiff Blanche Oster is the owner and holder of five bonds each in the principal sum of $1,000, and plaintiff Cecilia Alshuler is the owner of *483five bonds in the total principal sum of $3,100. The leasehold estate is also subject to a second mortgage securing an issue of leasehold bonds.

On…