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CENTERRE TRUST v. JACKSON SAW MILL CO.

No. 52805.

736 S.W.2d 486 (1987)

CENTERRE TRUST COMPANY, f/k/a St. Louis Union Trust Company, as Trustee under Trust Agreement Dated January 1, 1956, between the City of East St. Louis and St. Louis Union Trust Company, Plaintiff-Respondent, v. JACKSON SAW MILL COMPANY, et al., Defendants-Respondents, and The Dr. Martin Luther King, Jr., Bridge Improvement Corp., Intervenor/Defendant-Respondent, and Harvey Berlin, Paul Cinquegrana, David Pear, Don Wheeler and William Mann, Intervenors/Defendants-Appellants.

Missouri Court of Appeals, Eastern District, Division Two.

Motion for Rehearing and/or Transfer Denied September 2, 1987.

Application to Transfer Denied October 13, 1987.

Attorney(s) appearing for the Case

Michael D. O'Keefe, St. Louis, for appellants Berlin, Cinquegrana, Pear, Mann and Wheeler.

John M. Hessel, St. Louis, for Dr. Martin Luther King, Bridge Imp. Corp.

Thomas S. McPheeters, Thomas C. Walsh & Michael McKinnis, St. Louis, for Centerre Trust Co.

REINHARD, Judge.

Intervenors/defendants, members of the certified class of bondholders, appeal from a decree in equity approving an agreement reached between the class representatives and The Dr. Martin Luther King, Jr., Bridge Improvement Corporation and issuing instructions to Centerre Trust Company, the trustee under the bridge revenue trust agreement. We affirm as modified.

The issues presented cannot be fully understood without an examination of the history...

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