Seibert v. Minneapolis & St. Louis Ry. Co.
Supreme Court of Minnesota
Appeal by plaintiff, Henry Seibert, trustee, from an order of tlie District Court of Hennepin County, Seagrave Smith, J., made May 20, 1893, ordering William H. Truesdale, receiver, to pay the claim of the Northern Pacific Railroad Company for $41,891.60 and interest.
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Appeal by plaintiff, Henry Seibert, trustee, from an order of tlie District Court of Hennepin County, Seagrave Smith, J., made May 20, 1893, ordering William H. Truesdale, receiver, to pay the claim of the Northern Pacific Railroad Company for $41,891.60 and interest. This action was broug-ht to foreclose a mortgage given by the -defendant, the Minneapolis and St. Louis Railway Company to the Central Trust Company upon its railroad and other property to secure payment of 4,000 bonds of $1,000 each. Henry Seibert was, under the terms of the mortgage, substituted as trustee in place of the…
1Opinion of the CourtCanty, J.
The St. Paul & Northern Pacific Railway Company leased its lines of railroad to the Northern Pacific Railroad Company. A part of the property so leased is certain terminal facilities or rights in the property of the Union Depot Company in St. Paul, and certain rights and transfer facilities in the property of the Minnesota Transfer Railway Company, midway between Minneapolis and St. Paul.
The Minneapolis & St. Louis Railway Company owned a railroad running into Minneapolis, and certain side tracks and connections in that city.
Under these circumstances, on April 24, 1885, a tripartite agree*55ment…
2Cases cited3 opinions
- Thomas v. Western Car Co.Supreme Court of the United States · 1893
- New York, P. & O. R. v. New York, L. E. & W. R.U.S. Circuit Court for the District of Northern Ohio · 1893
- Forepaugh v. WestfallSupreme Court of Minnesota · 1894
3Cited by2 opinions
- Truesdale v. Farmers' Loan & Trust Co.Supreme Court of Minnesota · 1897
- Smith v. National Credit InsuranceSupreme Court of Minnesota · 1896