Rock Island Plow Co. v. Bixby

I.'In January, 1905, Mort Bros., a co-partnership engaged in the hardware business at Beatrice, Neb., being then insolvent, executed an instrument conveying their property to Prank A. Bixby, of Council Bluffs, Iowa, as trustee for the use and benefit of all their creditors. The *561instrument of assignment or conveyance recited that, “We hereby assign, sell, transfer, set over and convey” to the trustee, and covered the entire hardware stock, notes, book accounts, and recited that such conveyance, together with the conveyance of certain real estate was for the purpose of paying off all legal…