Armstrong v. Woolley

HOLMES, Circuit Judge.

This suit was instituted by the receiver of an insolvent national bank to remove a cloud upon the title to two plantations in Adams county, Miss., which constituted a part of the assets of the bank and came into the possession of the receiver upon his qualification as such on July 1, 1933.

Without a precedent order of any court, the receiver, by arrangement with an auctioneer, advertised certain properties of the bank, including the lands in controversy, for sale at public auction. The appellant bid the sum of $3,200 for the two tracts, aggregating 1,697 acres, and paid…