City Trust Co. v. Sedalia Light & Traction Co.
District Court, W.D. Missouri
In Equity. Suit by the City Trust Company against the Sedalia Eight & Traction Company. On demurrers of complainant to bills of intervention filed by the Missouri, Kansas & Texas Railway Company, the Stanley Coal Company, and United States Fidelity & Casualty Company.
1Opinion of the Court
POLLOCK, District Judge.
On March 19, 1907, defendant, the Sedalia Eight & Traction Company, made, executed, and delivered to complainant as trustee its certain mortgage to secure an authorized issue of bonds in the aggregate amount of $1,500,000. Of this amount $749,000 are issued and outstanding. This sum is in excess of the value of all the property of defendant of every kind and nature. *846The mortgage made by defendant to complainant as security for said indebtedness pledges its property and income in the following terms:
“All and singular its property, real, personal and mixed, of every kind…
2Cases cited13 opinions
- Fosdick v. SchallSupreme Court of the United States · 1879
- Kneeland v. American Loan & Trust Co.Supreme Court of the United States · 1890
- Thomas v. Western Car Co.Supreme Court of the United States · 1893
- Miltenberger v. Logansport Railway Co.Supreme Court of the United States · 1882
- Burnham v. BowenSupreme Court of the United States · 1884
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3Cited by1 opinion
- United States Fidelity & Guaranty Co. v. United States & Mexican Trust Co.Court of Appeals for the Eighth Circuit · 1916