Barkhausen v. Continental Illinois National Bank & Trust Co.

Seven owners of first mortgage leasehold bonds in the aggregate principal sum of $242,500—approximately 10 per cent of the presently issued and outstanding bonds secured by a certain indenture of mortgage, hereinafter referred to as Mortgage Indenture dated May 1, 1935, between 32 West Randolph Corporation (hereinafter referred to as mortgagor) and Continental Illinois National Bank and Trust Company of Chicago, as trustee (hereinafter referred to as Continental, or defendant), appeal from a summary judgment in a declaratory action by L. H. Barkhausen and Randolph Bohrer, individually and as…