Legal Opinion
Union Trust Co. v. Detroit Motor Co.
Michigan Supreme Court
Decided July 18, 1898PublishedCited by 10 opinions
Appeal from Wayne; McMahon, J., presiding. Bill by the Union Trust Company against the Detroit Motor Company, William C. Maybury, and others, to foreclose a mortgage and to enforce the liability of guarantors. From the decree rendered, all parties appeal.
1Opinion of the CourtMontgomery, J.
March 1, 1892, the Detroit Motor Company issued 100 coupon bonds, of $1,000 each, payable March 1, 1897, with interest at 6 per cent., payable semi-annually. Each bond states upon its face that it—
“ Is secured by first mortgage to the Union Trust Company of Detroit, Michigan, as trustee, bearing date the 1st day of March, 1892, and conveying to said trustee the real estate, franchises, and plant of this company, located at Detroit, Wayne county, Michigan. This bond is further secured by an instrument in writing of even date herewith, duly executed by J. Huff Jones, William C. Maybury, F. A.…
2Cases cited12 opinions
- Johnson v. Van VelsorMichigan Supreme Court · 1880
- Johnson v. ShepardMichigan Supreme Court · 1876
- Johnston v. Township of KimballMichigan Supreme Court · 1878
- Mathews v. SwitzlerSupreme Court of Missouri · 1870
- Wood v. CallaghanMichigan Supreme Court · 1886
7 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- S.F. T. Seminary v. Monterey County G. & E. Co.California Supreme Court · 1918
- Prudential Insurance Co. of America v. A. Enkema Holding Co.Supreme Court of Minnesota · 1936
- Peoples Savings Bank v. GeistertMichigan Supreme Court · 1931
- In Re Dosker's EstateMichigan Supreme Court · 1938
- Henry v. SaffordMissouri Court of Appeals · 1922
5 more not listed; retrieve them via the Exa API.