Susquehanna Bridge & Bank Co. v. General Insurance
Court of Appeals of Maryland
Appeal from the Court of Chancery. The bill in this case was filed by the appellee for the sale of certain real estate, mortgaged to it by the Susquehanna Bridge and Bank Company, by deed, dated the 21st of February .1834, to secure the sum of {$10,000/ due and owing to the appellee. Charles F. Mayer and others, receivers, appointed by the court of chancery to take charge of the effects of the Bridge and Bank Company, were also made defendants.
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Appeal from the Court of Chancery. The bill in this case was filed by the appellee for the sale of certain real estate, mortgaged to it by the Susquehanna Bridge and Bank Company, by deed, dated the 21st of February .1834, to secure the sum of {$10,000/ due and owing to the appellee. Charles F. Mayer and others, receivers, appointed by the court of chancery to take charge of the effects of the Bridge and Bank Company, were also made defendants. The answers of the receivers aver, that they know nothing and admit and deny nothing c the matters alleged, except that they have never paid any part…
1Opinion of the CourtLe Grand, C. J.
The decree in this case is unaccompanied by an opinion of the chancellor, and we are, therefore, not apprised of the reasons which induced him to sign it.
The reversal of the decree is asked on several grounds, none of which, in our judgment, are tenable. It is objected that the appellant had no right to give the mortgage. This objection is answered by the fifteenth section of the act of 1814, chapter 66, which expressly authorises the corporation to deal in moitgages. But, independently of this, we are of the opinion it would have been competent to the corporation to have secured, by…
2Cases cited1 opinion
- Burgess v. PueCourt of Appeals of Maryland · 1844
3Cited by8 opinions
- Booth v. RobinsonCourt of Appeals of Maryland · 1881
- State v. Florida Central RailroadSupreme Court of Florida · 1876
- Zihlman v. Cumberland Glass Co.Court of Appeals of Maryland · 1891
- Buchwald Transfer Co. v. HurstCourt of Appeals of Maryland · 1909
- Dunham v. IsettSupreme Court of Iowa · 1863
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