Broomall v. North American Steel Co.
West Virginia Supreme Court
Appeal from Circuit Court, Barbour County. Bill by Grant C. Broomall and others against the North American Steel Company, and by H. A. Monahan who sues for the use, etc., against the North American Steel Company and others. The suits were consolidated. Decree for complainants, and the North American Steel Company and James B. Harris appeal.
1Opinion of the Court
Williams, Judge:
The Broomall Iron & Steel Compan)', a West Virginia corporation, executed a deed of trust upon its property in Barbour count)', West Virginia, to secure a $50,000 bond issue. Bonds amounting to $30,000 were purchased by various individuals, and the remaining $20,000 were deposited by said company as *593collateral security for a loan made to it by a bank in the city of Baltimore. ■ Thereafter another West "Virginia corporation, the North American Steel Company, was formed, and on the 13th of April, 1906, the old company conveyed all its property to the new company which, in…
2Cases cited2 opinions
- Atwood v. Shenandoah V. R. R.Supreme Court of Virginia · 1889
- Pruyne v. . Adams Furniture and Manufacturing CompanyNew York Court of Appeals · 1898
3Cited by2 opinions
- Fidelity & Columbia Trust Co. v. Louisville Railway Co.Court of Appeals of Kentucky (pre-1976) · 1935
- Kelly v. WellsburgWest Virginia Supreme Court · 1914