Courtenay Mfg. Co. v. Issaqueena Mills

The opinion of the Court was delivered by

Mr. Justice Fisitburne.

J. W. Wallace, the Receiver for the Issaqueena Mills, filed a report of sale on May 20, 1935, setting forth, among other things, that he had sold 2,280 shares of the preferred stock of the Courtenay Manufacturing Company for $114,000-.00 and 4,970 shares of the common stock of the same company for $100.00 to C. F. Thompson. This sale was made at public auction under an order of the Court of Common Pleas for Pickens County, dated May 5, 1934.

Coincident with the report of sale, the Receiver petitioned the Court, upon due notice,…