Brevard Naval Stores Co. v. Commercial Bank

This is an appeal from a final decree in favor of the Bank, ordering certain mortgaged property sold to satisfy liens and adjudicated in its favor. The liens consist of two mortgages executed by the Jacksonville Machine Works, and a prior judgment against that corporation, which the Bank for self protection had to pay off. In the inception of the suit the Jacksonville Machine Works was made a party, but the bill was dismissed as to it, the Brevard Naval Stores Company having, prior to this suit, purchased all the mortgaged property, and assumed the payment of the mortgages. The Naval Stores…