Jones v. Sierra Verdugo Water Co.

Plaintiffs, who hold bonds issued by the defendant Sierra Verdugo Water Company, brought this action to set aside a trustee’s sale had under the deed of trust which had been given to secure payment of the bonds. The defendants Crescenta Mutual Water Company and Heilman Commercial Trust & Savings Bank filed, each of them, a general demurrer to the complaint. The demurrers were sustained. Plaintiffs, refusing to amend, appeal from the judgment which was entered in favor of the defendants after the order sustaining the demurrers.

The facts as set forth in the complaint are substantially as…