Centerre Trust Co. v. Jackson Saw Mill Co.

REINHARD, Judge.

Intervenors/defendants, members of the certified class of bondholders, appeal from a decree in equity approving an agreement reached between the class representatives and The Dr. Martin Luther King, Jr., Bridge Improvement Corporation and issuing instructions to Centerre Trust Company, the trustee under the bridge revenue trust agreement. We affirm as modified.

The issues presented cannot be fully understood without an examination of the history of the Dr. Martin Luther King, Jr., Bridge (hereinafter “bridge” or “King Bridge”) and the bridge bonds involved in this dispute.. The…