Gilbert v. Brown

Defendants appeal a judgment that plaintiff owns ten bonds, the coupons and the coupon proceeds and that defendant personal representatives hold those items in trust for her. The bonds were each $5,000, unregistered bearer bonds denominated The Port of Portland, Industrial Development Revenue Bonds, 1980 series (Hayden Island, Inc. Project), maturing December 1,1989. The bond coupons are payable on June 1 and December 1 of each year. The amount of interest accruing semiannually on the bonds is $2,312.50. We affirm.

Plaintiff is the widow of Joe L. Gilbert, who died in 1982. Helen Jo Brown is…