Colbassani v. Society of Christopher Columbus

Opinion by

Arnold, J.,

The Society of Christopher Columbus gave its mortgage to the Scranton Lackawanna Trust Company to secure $40,000 authorized issue of bonds. At the time of these proceedings there were outstanding $18,400 of said bonds in default. The premises conveyed to the trustee under the mortgage consisted, inter alia, of a property in Old Forge, Lackawanna County, rented to the Sally Wayne Sportswear at $140.00 a month.

Plaintiff-appellant by an action of assumpsit against the Society procured a judgment for $1100, par of the bonds, thus secured by the mortgage, and issued a writ of…