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NATIONAL SHAWMUT BANK v. WOODS HOLE, ETC., S.S. AUTHY.

361 Mass. 219 (1972)

279 N.E.2d 898

THE NATIONAL SHAWMUT BANK OF BOSTON & OTHERS vs. WOODS HOLE, MARTHA'S VINEYARD AND NANTUCKET STEAMSHIP AUTHORITY & OTHERS.

Supreme Judicial Court of Massachusetts, Suffolk.

February 23, 1972.

Attorney(s) appearing for the Case

John L. Saltonstall, Jr., for the Town of Edgartown & others.

Acheson H. Callaghan, Jr., for the National Shawmut Bank of Boston & others.

John J. Graham, for Woods Hole, Martha's Vineyard and Nantucket Steamship Authority, submitted a brief.

Present: TAURO, C.J., CUTTER, REARDON, QUIRICO, & HENNESSEY, JJ.

REARDON, J.

The plaintiffs, The National Shawmut Bank of Boston (Fiscal Agent) and three savings banks, the Worcester County Institution for Savings, the Malden Savings Bank, and The Boston Five Cents Savings Bank, holders of over ten per cent of the outstanding bonds of the defendant Woods Hole, Martha's Vineyard and Nantucket Steamship Authority (authority), bring this bill seeking declaratory relief. At stake is the disposition of certain funds held by the Fiscal...

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