Title Insurance & Trust Co. v. California Development Co.

This is an appeal by Boaz Duncan, intervener, from that portion of the decree in the above-entitled cause which gives to the holders of receiver’s certificates priority over the bonded indebtedness secured by the deed of trust sought to be foreclosed. The general facts of the case and the purport of the decree are shown in the opinion filed by us in Title Insurance & Trust Co. v. California Development Co., (L. A. 3848), ante, p. 173, [152 Pac. 542],

The action was originally begun in the superior court of Imperial County, where the complaint was filed on December 13, 1909. On the same day the…