Secor v. Maumee Rolling Mill Co.

This action was brought to foreclose a mortgage given by the Maumee Rolling Mill Co., a corporation, to secure payment of'the bonds of the company amounting to the sum of $100,000. The case is before the court upon a motion by Henry Worthington, who is the owner of $26,600 of these bonds, to set aside the sale made by the sheriff under the foreclosure decree, and also on a motion by the plaintiff to confirm the sale. The property was appraised at the sum of $65,000, and was sold upon the 29th of September *101last, to Alvin Peter, trustee, for the sum of $43,385, which is $1.67 more than…