Supreme Court of Iowa February 14, 1902 (Bousquet v. Ward)

MoCeatn, J.' —

In 1889 the Otley Coal Company negotiated a loan of $20,000, secured by trust deed executed to the plaintiff, tbe indebtedness being evidenced by 20 first mortgage bonds, of $1,000 each, maturing in five years, with interest at 7 per cent., payable semi-annually, as per coupons attached to said bonds. Tliese.