Walton v. Grand Belt Copper Co.
New York Supreme Court
Appeal from special term, New York county. Action by William M. Walton against the Grand Belt Copper Company. The Farmers’ Loan & Trust Company appeals from an order entered therein restraining it from assailing, in a suit brought by it in the state of Texas, the appointment or powers of William Belden, as receiver, appointed in this action, of the Grand Belt Copper Company.
1Opinion of the CourtDaniels, J.
The respondent, William Belden, was appointed receiver of the property of the Grand Belt Copper Company in March, 1887, by a judgment recovered in this action. In July, 1884, the Grand Belt Copper Company executed a mortgage to the Farmers’ Loan & Trust Company upon real estate situate in Texras, and secured thereby the sum of $400,000 in corporate bonds, of $1,000 each, issued by the Copper Company. That company made default in the payment of the indebtedness, and in September, 1889, the Farmers’ Loan & Trust Company commenced an action in the district court of Hardeman county, in the state…
2Cases cited2 opinions
- Savage v. . AllenNew York Court of Appeals · 1873
- H. B. Claflin & Co. v. HamlinNew York Supreme Court · 1881
3Cited by2 opinions
- Rigas v. . LivingstonNew York Court of Appeals · 1904
- Zimmerman v. ZimaAppellate Division of the Supreme Court of the State of New York · 1909