City of Detroit v. Barnes

The factual background and controversies presented by the instant case are stated by the trial judge as follows:

“On August 15, 1946, an order was entered in the above cause appointing a receiver for the Rite-Way Tool & Manufacturing Company. In 1948 and 1949 the city of Detroit levied personal property taxes on the assets of the company which, with accumulated interest now amount to $3,612.15. At the time of the order appointing the receiver, nearly all of .the physical assets of the company were subject to 2 chattel mortgages which were in default. On November 14,1949, the receiver…