Anniston Nat. Bank v. Wilson

Bill by appellee to foreclose a mortgage executed by the Woodstock Cotton Mills. Appellant, Anniston National Bank, had been appointed trustee for the uses and purposes of the mortgage instrument, viz., to secure appellant and other creditors of the cotton mills in the payment of their debts. According to the bill the mortgage bonds, representing the indebtednesses due to all other creditors— not including, however, the bonds held and owned by the bank — had passed into the ownership of appellee who had succeeded the bank as trustee for the mortgage bond holders. Appellant bank was made a…