Randolph v. Larned

The opinion of the court was delivered by

G-reex, J.

The controversy in this cause arises between the receiver of the New Jersey West Line Railroad Company, an insolvent •corporation, and the trustees named in a mortgage given by the company, on their property and franchises, to secure the payment of bonds amounting to $3,000,000. A bill by the trustees, to foreclose the mortgage, and the bill to declare the •company insolvent, and for the appointment of a receiver, •were filed about the same time.

*559- The order appealed from was made on the hearing of cross-petitions : the first, filed by the…