Campbell River Timber Co. v. Vierhus

(after stating the facts as above).

The question presented is one of law. The plaintiff contends that, while the change made by the agreement (Exhibit A attached to the complaint) amounted to an extension of the maturity date of the bonds, it was not the renewal contemplated by the statute.

The demurrer will be sustained. Sheldon v. Mississippi Cottonseed Products Co. (C.C.A.) 81 F.(2d) 169, certiorari denied Mississippi Cottonseed Products Co. v. Sheldon, Collector, etc., 297 U.S. 721, 56 S.Ct. 599, 80 L.Ed. 1005, March 16, 1936.

*401 As shown in the foregoing case, the word “renewal” may be given…