McCormick v. Unity Co.
Illinois Supreme Court
Appear from the Branch Appellate Court for the First District;—heard in that court on appeal from the Circuit Court of Cook county; the Hon. J. W. Mack, Judge, presiding.
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Appear from the Branch Appellate Court for the First District;—heard in that court on appeal from the Circuit Court of Cook county; the Hon. J. W. Mack, Judge, presiding. The bill in this case was filed in the circuit court of Cook county to foreclose a trust deed dated January 1, 1895, upon the Unity building and its leasehold in Chicago, which trust deed was given to secure four hundred bonds of $1000 each, of which one hundred, numbered from 301 to 400, inclusive, are in issue here. July 1, 1891, the appellant, the Unity Company, gave a trust deed on said leasehold interest and the…
1Opinion of the CourtJustice Carter
The chief contention of appellant is, that the resolution set out in the statement, authorizing the execution and delivery of the trust deed and bonds in question, did not authorize the sale of the one hundred bonds involved in this foreclosure. Clearly, in the former case of Unity Co. v. •Hquitable Trust Co. supra, this court held that the said one hundred bonds were properly in the hands of Gov. Altgeld, as president of the Unity Company, to be sold. The word “execute” frequently includes delivery. (Hunt v. Weir, 29 Ill. 83.) The word “delivery” is sometimes used meaning the change of…
2Cases cited11 opinions
- Dickerman v. Northern Trust Co.Supreme Court of the United States · 1900
- Olds v. CummingsIllinois Supreme Court · 1863
- Bradley v. BallardIllinois Supreme Court · 1870
- Mosier v. NortonIllinois Supreme Court · 1876
- George E. Lloyd & Co. v. MatthewsIllinois Supreme Court · 1906
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3Cited by5 opinions
- Anderson v. City of Rolling MeadowsIllinois Supreme Court · 1956
- Harris v. BuderAppellate Court of Illinois · 1945
- Village of Prairie du Rocher v. Schoening-Koenigsmark Milling Co.Illinois Supreme Court · 1910
- Hudson v. Kootenai Fox Farms Co.Idaho Supreme Court · 1928
- Wells v. Manufacturers & Merchants Life Ass'nAppellate Court of Illinois · 1919