Iglesias v. Banco Territorial y Agricola de Puerto Rico
Court of Appeals for the First Circuit
Appeal from the District Court of the United States for the District of Porto Rico; Hamilton, Judge. Suit in equity by the Gregg Company, Limited, against the Utuado Sugar Company; Banco Territorial y Agrícola de Puerto Rico, trustee, and others. Luis P. Iglesias, intervening petitioner, appeals.
1Opinion of the Court
BINGHAM, Circuit Judge.
In July, 1912, the Utuado Sugar Company was put into the hands of a receiver on the application of the Gregg Company, limited. It owned lands for the cultivation of sugar cane and a factory for the manufacture of raw sugar, including a railway track, cars, and locomotives. October 6, 1911, it mortgaged the greater part of its property to the appellee, the Banco Territorial y Agricola of Porto Rico, as trustee, to secure an issue of bonds for $200,000.
On June 30, 1913, the receiver appointed in the proceedings petitioned the court for leave to borrow money and to issue…
2Cases cited8 opinions
- Collins v. MillerSupreme Court of the United States · 1920
- Oneida Navigation Corp. v. W. & S. Job & Co.Supreme Court of the United States · 1920
- Roemer v. BernheimSupreme Court of the United States · 1889
- Roemer v. NeumannSupreme Court of the United States · 1889
- Willis v. DavisCourt of Appeals for the Sixth Circuit · 1911
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3Cited by2 opinions
- Trane Co. v. Nash Engineering Co.Court of Appeals for the First Circuit · 1928
- Smith v. FergusonCourt of Appeals of Kentucky · 1956