Lehman Manufacturing Co. v. Jewett

This is an action by Charles W. Jewett, receiver of the Beech Grove State Bank, against the Lehman Manufacturing Company and others, seeking a recovery on certain first mortgage coupon bonds issued by the named defendant, for a foreclosure of the mortgage and asking that the mortgage be declared a first lien on all of the property described therein.

The facts were found specially, and, in substance, are as follows: On September 30,1920, the Lehman Manufacturing. Company, hereafter referred to as ‘.‘the mortgagor,” or ‘‘old company,” executed and issued 100 seven per cent interest coupon bonds…