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MANCHIK v. OLD COLONY TRUST CO.

Civ. A. 50-903.

97 F.Supp. 774 (1951)

MANCHIK et al. v. OLD COLONY TRUST CO. et al.

United States District Court D. Massachusetts.

April 24, 1951.

Attorney(s) appearing for the Case

Meyer Abrams, and Shulman, Shulman & Abrams, all of Chicago, Ill., Selwyn A. Kudish, Boston, Mass., for plaintiffs.

Sargent H. Wellman, Boston, Mass., for defendant North Terminal, Inc.

Alfred Gardner, Palmer, Dodge, Gardner, Bickford & Bradford, all of Boston, Mass., for defendant Old Colony Trust Co.

FORD, District Judge.

Plaintiff brings this action as holder of bonds of North Terminal, Inc., in the principal amount of $15,000 and of 20 shares (out of 260 shares outstanding) of the preferred stock of the same corporation. The bonds are part of a total of $479,500 issued by the corporation in 1936 in pursuance of a plan of reorganization approved by this court. The bonds were secured by a mortgage of the real estate of the corporation, consisting chiefly of a...

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