Jepsen v. R.C., B.H. W.R. Co.

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, twelve 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 money…