Fidelity & Columbia Trust Co. v. Louisville Ry. Co.

Opinion of the Court by

Judge Stites

Reversing.

This is an appeal from a judgment of the Jefferson circuit court in a proceeding brought under the Declaratory Judgment Act (Civil Code of Practice, sec. 639a-l et seq.). The Louisville Railway Company (hereinafter called the Railway Company), a corporation, has outstanding the following bonded indebtedness:

First Mortgage Bonds, dated July i, 1890, due July 1, 1930 (extended to January 1, 1940) .................$1,700,000.00

Second Mortgage Bonds, dated March 1, 1900, due March 1, 1940 ............................................ 2,000.000.00

General…