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STEWART SECURITIES CORP. v. GUARANTY TRUST CO.

Civ. No. 74-1039-D.

394 F.Supp. 1069 (1975)

STEWART SECURITIES CORPORATION et al., Plaintiffs, v. GUARANTY TRUST COMPANY, Defendant.

United States District Court, W. D. Oklahoma.

March 12, 1975.

Attorney(s) appearing for the Case

Scheeline & Leopold, Altoona, Pa., Joel L. Wohlgemuth, Tulsa, Okl., for plaintiffs.

Charles A. Johnson, Ponca City, Okl., William G. Paul, Oklahoma City, Okl., for defendant.

ORDER

DAUGHERTY, Chief Judge.

In this diversity action Plaintiffs allege that they are the purchasers of certain revenue bonds issued by the Claremore Industrial Authority (CIA). Plaintiffs allege that Defendant, Guaranty Trust Company, is the successor to Security First Trust Company (Security). Security entered into a contract with CIA entitled "Indenture of Mortgage and Trust, Security Agreement and Assignment of Rentals" (Indenture), whereby it became...

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