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FIRST TRUST CO. OF ST. PAUL v. COUNTY BOARD OF EDUCATION

No. 6651.

78 F.2d 114 (1935)

FIRST TRUST CO. OF ST. PAUL et al. v. COUNTY BOARD OF EDUCATION OF WHITLEY COUNTY.

Circuit Court of Appeals, Sixth Circuit.

June 6, 1935.

Attorney(s) appearing for the Case

Robert S. Marx, of Cincinnati, Ohio (Alfred Holman and Nichols, Morrill, Wood, Marx & Ginter, all of Cincinnati, Ohio, on the brief), for appellants.

H. C. Gillis, of Williamsburg, Ky. (Tye, Siler, Gillis & Siler and B. B. Snyder, all of Williamsburg, Ky., on the brief), for appellee.

Before HICKS, SIMONS and ALLEN, Circuit Judges.

HICKS, Circuit Judge.

Bill in equity to remove a cloud on appellants' title to 16 bonds, for $1,000 each, dated December 1, 1929. Five of these bonds were due December 1, 1945, 5 on December 1, 1946, and the remainder on December 1, 1947. On December 30, 1929, they were all sold by appellee to Magnus & Co. for $16,000 and accrued interest, and the proceeds paid to appellee's treasurer were used to discharge an existing indebtedness

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