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GOLD BONDHOLDERS, ETC. v. A.T. & S.F. RY. CO.

No. 6490.

658 P.2d 776 (1983)

GOLD BONDHOLDERS PROTECTIVE COUNCIL, Richard L. Randolph, David Brenner, Karl L. Flaccus and Lee R. Ellenberg, Appellants, v. ATCHISON, TOPEKA AND SANTA FE RAILWAY COMPANY, Appellee.

Supreme Court of Alaska.

January 28, 1983.

Attorney(s) appearing for the Case

Stephen S. DeLisio, Patricia L. Zobel, Merdes, Schaible, Staley & DeLisio, Inc., Anchorage, for appellants.

Bruce E. Gagnon, Atkinson, Conway, Bell & Gagnon, Anchorage, for appellee.

Before BURKE, C.J., RABINOWITZ, CONNOR and COMPTON, JJ., and SCHULZ, Judge.

OPINION

CONNOR, Justice.

In this case, the Gold Bondholders Protective Council (hereafter referred to as Bondholders) appeals the superior court's award of $15,551.22 in attorneys' fees and costs to appellee, the Atchison, Topeka and Santa Fe Railway Company (hereafter referred to as Santa Fe).

The facts of the case from which this appeal arises are as follows:

In 1895, Santa Fe issued bonds for public sale. The bonds contained a "gold clause...

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