Newark Distributing Terminals Co. v. Hospelhorn

The National Distributing Properties, Inc., a Maryland corporation, called herein the Corporation, on October 1st, 1930, transferred and assigned to the Baltimore Trust Company as trustee, called herein the Trust Company, also a Maryland corporation, a first mortgage gold bond for $600,000, bearing interest at the rate of 6V2 per cent, per annum, secured by a mortgage from the Newark Distributing Terminals, Incorporated, a Maryland corporation, called herein the Terminals Company, toi the said Trust Company, to secure the payment of the principal and interest of “Newark Distributing Terminals…