Colorado Woman's College v. Bradford-Robinson Printing Co.

Colorado Woman’s College, to which we shall refer as the college, is an undenominational institution hav ing a two-year college course. In 1935 its plant was subject to a first mortgage totaling $101,000 on which foreclosure was threatened, and there were also outstanding bonds and interest in excess of $42,000 secured by second mortgage, and over $37,000 of notes and accounts. Action had been initiated against the college, it was facing other suits, and its continued existence appeared almost hopeless. Among the unsecured notes which would so have been wiped out was that of Bradford-Robinson…