International Trust Co. v. Palisade Light, Heat & Power Co.

Opinion by

Mr. Justice Teller.

The plaintiff in error brought suit, as trustee, to foreclose a deed of trust, given by the Palisade Light, Heat and Power Company to secure an issue of bonds, the proceeds of which were to be used to complete the payment for an electric Light plant, to rebuild and enlarge it, and to add thereto an equipment for making ice. The Power Company had a franchise from the town of Palisade for the use of its streets and alleys, for pole lines, etc.

The deed of trust was dated May 1st, 1907, and conveyed to the Trust Company, as trustee, a tract of land upon which *399the…