Pennsylvania Co. v. Houseman

Opinion by

Mr. Justice Patterson,

This is a proceeding in equity, instituted by the Pennsylvania Company for Insurances on Lives and Granting Annuities, appellee, to secure payment of two mortgage bonds held by it, as trustee, out of funds and assets in the possession of appellants, Daniel Houseman et al., as succeeding trustees and treasurer of the Philadelphia Sovereign Consistory of Sublime Princes of the Royal Secret 32 Degree Ancient Accepted Scottish Rite, an unincorporated association.

As trustee for sundry trusts, appellee holds two mortgage bonds, aggregating $1,600,000, accompanying a…