Higgins v. Bear River & Auburn Water & Mining Co.

By the Court, Currey, J.

In the years 1858 and 1859, the Bear River and Auburn Water and Mining Company—a corporation—became indebted to the plaintiff as trustee for certain owners and holders of bonds issued by the company, amounting, in the aggregate, to the sum of thirty thousand dollars. These bonds were made and issued by the company at different times during the years mentioned. Each of the bonds was in the sum of five hundred dollars. These bonds were drawn and made payable as follows : One third in twelve months, one third in eighteen months, and one third in twenty-four months from…