Wood v. Woodbury & Pace, Inc.

Tbis is an appeal by a creditor from judgment of Pless, resident judge, authorizing and directing the receiver to sell and liquidate certain warehoused lumber, the warehouse receipts covering which had been pledged with RFC and three banks as security for certain debts.

RPC, appellant, contends that the court should have ordered the receiver to abandon the lumber and turn it over to it for liquidation, and in no event should the court, have authorized or directed any expense to be paid out of the proceeds from the sale of the lumber.

The receiver, appellee, contends that the court correctly…