Guaranty Trust and Safe Deposit Co. v. Green Cove Springs and Melrose Railroad
Supreme Court of the United States
APPEAL FROM THE CIRCUIT COURT OF THE UNITED STATES FOR THE NORTHERN DISTRICT OF FLORIDA. This was an appeal from a decree of the Circuit Court for the Northern District of Florida dismissing a bill of foreclosure filed by the appellant to which the Green Cove. Springs and Melrose Eailroad Company, the Western Eailway Company, the Green Cove Springs and Midland Eailroad Company, and a number of other individual defendants were made parties.
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APPEAL FROM THE CIRCUIT COURT OF THE UNITED STATES FOR THE NORTHERN DISTRICT OF FLORIDA. This was an appeal from a decree of the Circuit Court for the Northern District of Florida dismissing a bill of foreclosure filed by the appellant to which the Green Cove. Springs and Melrose Eailroad Company, the Western Eailway Company, the Green Cove Springs and Midland Eailroad Company, and a number of other individual defendants were made parties. The mortgage or deed of trust was made June 20, 1882, by the Green Cove Springs and Melrose Eailroad Company to the plaintiff to secure its bonds, and the…
1Opinion of the CourtJustice Brown
1. The answer of Philip J. Canova raises an objection to the maintenance of this bill in the fact that sixty per cent in value of the bondholders had not requested action upon the part of the trustee, as required by the trust deed, which, in covenant numbered second, provides in substance that, in case of default after demand made, for a period exceeding twelve months,- to pay the -semi-annual interest upon the bonds, or for a period exceeding six months to pay the principal of- such bonds, “ it shall be the duty of the said trustees for the time being, and they shall or will, upon written…
2Cases cited24 opinions
- Wilcox v. JacksonSupreme Court of the United States · 1839
- Cooper v. ReynoldsSupreme Court of the United States · 1870
- Galpin v. PageSupreme Court of the United States · 1874
- Elliott v. Lessee of PeirsolSupreme Court of the United States · 1828
- Williamson v. BerrySupreme Court of the United States · 1850
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3Cited by123 opinions
- Grannis v. OrdeanSupreme Court of the United States · 1914
- Noble v. Union River Logging RailroadSupreme Court of the United States · 1893
- Helvering v. HammelSupreme Court of the United States · 1941
- Dickerman v. Northern Trust Co.Supreme Court of the United States · 1900
- Brady v. Roosevelt Steamship Co.Supreme Court of the United States · 1943
118 more not listed; retrieve them via the Exa API.