Holmes v. Seashore Electric Railway Co.

The opinion of the court was delivered by

Van Syckel, J.

This suit is brought to recover the amount due on eight hundred and twenty-two interest coupons of $15 each, which had matured on bonds of the Seashore Electric Railway Company held by the plaintiff. The fourth plea of the defendant company sets up that these coupons were annexed to and were interest upon certain bonds made by the defendant to the American Loan and Trust Company as trustee, and payable to bearer; that this is the claim upon which the plaintiff’s declaration is founded, and that said bonds are secured by a mortgage upon…