State Central Savings Bank v. Fanning Ball-Bearing Chain Co.
Supreme Court of Iowa
Appeal from Keolculc Superior Court. — Hon. F. T. Hughes,. Judge. The Fanning Ball-Bearing Chain Company had been organized for the purpose of manufacturing bicycle chains so constructed that the links were fastened together by balls or cylinders, revolving as they passed over the sprocket wheel, thereby lessening the friction, and had executed two promissory notes to plaintiff.
Read the full summary
Appeal from Keolculc Superior Court. — Hon. F. T. Hughes,. Judge. The Fanning Ball-Bearing Chain Company had been organized for the purpose of manufacturing bicycle chains so constructed that the links were fastened together by balls or cylinders, revolving as they passed over the sprocket wheel, thereby lessening the friction, and had executed two promissory notes to plaintiff. These were not paid when due, and suit thereon was begun October 3,. 1896, aided by a writ of attachment, which was levied on all the company’s property. October 5, 1898, O. E. Fanning filed a petition of…
1Opinion of the CourtLadd, C. J.
i receivers-authority of. The proposal of the Fannings that a receiver be appointed for the purpose of continuing business met with opposition from the other stockholders of the company, who alleged that the plant had been operated at a loss, and demanded the appointment of a disinterested, person to effect a sale of the property. The court, in selecting G-. W. Fanning, evidently adopted the view of the objectors; for, in doing so, O. E. Fanning, the only person, as the evidence shows, competent to manufacture the bicycle chains, was rejected, and the appointee merely directed to take “charge…
2Cases cited13 opinions
- Davis v. GraySupreme Court of the United States · 1873
- Booth v. ClarkSupreme Court of the United States · 1855
- Cowdrey v. Galveston, Houston, & Henderson RailroadSupreme Court of the United States · 1877
- Attorney-General v. North American Life InsuranceNew York Court of Appeals · 1883
- Speiser v. Merchants' Exchange BankWisconsin Supreme Court · 1901
8 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Andrew v. Sac County State BankSupreme Court of Iowa · 1928
- Haines v. Buckeye Wheel Co.Court of Appeals for the Sixth Circuit · 1915
- First National Bank of Albia v. White Ash Coal Co.Supreme Court of Iowa · 1920
- Guardianship of Kimble v. DaileySupreme Court of Iowa · 1905
- Sutton v. SchnackSupreme Court of Iowa · 1937
12 more not listed; retrieve them via the Exa API.