District Court, S.D. New York June 21, 1985, 85 Civ. 3694 (RLC) (Rievman v. Burlington Northern Railroad)

OPINION

ROBERT L. CARTER, District Judge.

This action concerns two series of bonds issued in 1896 by the Northern Pacific Railway Compány (“Northern Pacific”). The first, 4 percent Prior Lien Railway and Land Grant Gold Bonds (“Prior Lien Bonds”), were issued pursuant to a mortgage dated November 10, 1896. The Prior Lien Bonds pay 4 percent annual interest and mature on January 1,1997.