Bishop Trust Co. v. Oahu Sugar Co.

OPINION OF THE COURT BY

BALLOU, J.

The plaintiff, trustee under a deed of trust to secure the bonds of the defendant corporation, brought this bill for instruc*184tions and the questions upon which the trustee desired instructions were reserved for the consideration of the supreme court. The bill alleges that there are moneys in the sinking fund provided for by the trust deed which the defendant has requested should be invested in the bonds of the corporation itself, but plaintiff, while admitting that the investment is advisable if authorized, has refused to comply with this request without the…