Legal Opinion
P. W. Brooks & Co. v. North Carolina Public Service Co.
District Court, M.D. North Carolina
Decided May 16, 1929No. 70PublishedCited by 1 opinion
1Opinion of the Court
HAYES, District Judge.
The Piedmont Power & Light Company, a corporation of North Carolina with its principal place of business at Burlington, N. C., on May 1, 1919, executed a mortgage on its real estate and other property, including its franchises, to the Guaranty Trust & Safe Deposit Company, a corporation of the state of New York, as trustee, to secure the payment of $2,000,000 of 15-year gold bonds bearing 6 per cent, interest. The mortgage is in the usual form of corporate mortgages. In the event of a default in the payment of principal or interest or such other default as affects the…
2Cases cited12 opinions
- Pritchard v. NortonSupreme Court of the United States · 1882
- Stewart v. BarnesSupreme Court of the United States · 1894
- Wynn v. GrantSupreme Court of North Carolina · 1914
- Savage v. United StatesSupreme Court of the United States · 1876
- Wynn v. . GrantSupreme Court of North Carolina · 1914
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3Cited by1 opinion
- Cheatham v. Wheeling & L. E. Ry. Co.District Court, S.D. New York · 1930