Jepsen v. Rapid City, Black Hills & Western Railroad

Plaintiff was the owner and holder of two bonds issued' by defendant corporation in May, 1909, maturing May 1, 1939, each in the principal sum of $500. Such bonds bore interest at 5 per cent, payable semi-annually, represented 'by coupons attached to the bond, which interest coupons in turn carried interest at 6 per cent, after maturity. In November, 1934, *472twelve interest coupons attached to each bond in the amount of $12.50 each were unpaid and delinquent, and plaintiff instituted this action against defendant corporation in the county court of Pennington county, 'South Dakota, seeking a…