Legal Opinion

Northern Pac. Ry. Co. v. Frank Waterhouse & Co.

District Court, W.D. Washington

Decided March 3, 1922PublishedCited by 2 opinions

In Equity. Suit by the Northern Pacific Railway Company against Frank Waterhouse & Co. On application by receiver for permission to bring a plenary action in the state court to enjoin the enforcement of a ; udgment rendered by the state court.

1Opinion of the Court

NETERER, District Judge.

It is admitted in the petition and at bar that the stock in controversy was delivered to the bank as security for the payment of the notes upon which the suit in the state court was prosecuted, and that the action was commenced long prior to the ap-. pointment of the receiver, and that judgment was entered after the-appointment of the receiver for the sum of approximately $38,000, and the judgment declared a first lien upon the certificates of stock, and di'ected a sale of the stock to satisfy the judgment, together with inte-est at 6 per cent. The judgment was entered…

2Cases cited8 opinions

  1. Jerome v. McCarterSupreme Court of the United States · 1877
  2. State ex rel. Hunt v. Superior CourtWashington Supreme Court · 1894
  3. State ex rel. J. M. Arthur Machinery Co. v. Superior CourtWashington Supreme Court · 1893
  4. Cherry & Parkes v. Western Washington Industrial Exposition Co.Washington Supreme Court · 1895
  5. International Banking Corp. v. LynchCourt of Appeals for the Ninth Circuit · 1920

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3Cited by2 opinions

  1. Gall v. CowellWest Virginia Supreme Court · 1937
  2. Clark v. Western Feeding Co.California Court of Appeal · 1935

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