Drennen v. Merchantile Trust & Deposit Co.
Supreme Court of Alabama
Appeal from the City Court of Birmingham, in Equity. Heard before the Hon. H. A. Sharpe. The facts of the case are sufficiently stated in the opinion. 1. It is now well settled that employes of a railroad company, for work done within six months before the appointment of a receiver of such company, have claims or liens on the corpus and income of such company prior and superior to the lien of the bondholders under a trust deed executed by such company upon all its property…
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Appeal from the City Court of Birmingham, in Equity. Heard before the Hon. H. A. Sharpe. The facts of the case are sufficiently stated in the opinion. 1. It is now well settled that employes of a railroad company, for work done within six months before the appointment of a receiver of such company, have claims or liens on the corpus and income of such company prior and superior to the lien of the bondholders under a trust deed executed by such company upon all its property before the work was done. In support of this proposition see Union Trust Go. v. III. Mid. R. R. Co., 117 U. S. 434 ;…
1Opinion of the CourtMcCLELLAN, J.
The Mary Lee Coal and Railway Company having made default in the payment of the interest on its bonded indebtedness, the trustee in the mortgages executed by said company to secure its said indebtedness, seasonably after such default made, filed a bill in the city court of Birmingham praying the appointment of a receiver “with full power and authority to demand, sue for, collect, receive and take into his possession the goods, chattels, rights, credits, moneys and effects, lands, tenements, books, papers and property belonging to the said Mary Lee Coal and Railway Company, and that said…
2Cases cited17 opinions
- Fosdick v. SchallSupreme Court of the United States · 1879
- Kneeland v. American Loan & Trust Co.Supreme Court of the United States · 1890
- Union Trust Co. v. Illinois Midland Railway Co.Supreme Court of the United States · 1886
- Miltenberger v. Logansport Railway Co.Supreme Court of the United States · 1882
- Galveston Railroad v. CowdreySupreme Court of the United States · 1871
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3Cited by15 opinions
- Noll by Noll v. Harrisburg Area YMCASupreme Court of Pennsylvania · 1994
- In Re Chicago Express, IncorporatedDistrict Court, S.D. New York · 1963
- LeHote v. BoyetMississippi Supreme Court · 1904
- Pickering v. Townsend & BrownSupreme Court of Alabama · 1897
- George v. PigfordMississippi Supreme Court · 1910
10 more not listed; retrieve them via the Exa API.