Royster Guano Co. v. Stedham

F. S. Eoyster Guano Company, the holder of security deeds upon several tracts of land executed by W. L. Stedham, sought to exercise powers of sale contained in such deeds, claiming an indebtedness of about $4300. The grantor, Stedham, filed a suit in equity to enjoin the exercise of the powers of sale, pleading, among other things, that he had paid the full amount of the indebtedness except a balance of $488.13, which he tendered and paid into the registry of the court. In his petition he prayed that the Eoyster Company be enjoined from selling, transferring, or disposing of any of the real…