Farmers' Loan & Trust Co. v. Waterbury
Court of Appeals for the Second Circuit
Appeal from the Circuit Court of the United States for the Southern District of New York. Suit in equity by the Farmers’ Loan & Trust Company, as trustee, against the Metropolitan Street Railway Company, Pennsylvania Steel Company, John I. Waterbury, and others, as a committee, Adrain H. Joline and Douglas Robinson, receivers, and William W. Ladd, receiver. Appeal from supplemental decree of sale.
1Opinion of the Court
WARD, Circuit Judge.
The mortgage of the Metropolitan Street Railway Company to the Morton Trust Company, dated March 21, 1902, being foreclosed in this action, recites that , the Metropolitan Company is (1) the owner of certain street railroads; (2) in possession of and operating certain other street railroads either as lessee or under contracts; (3) the owner of certain described real estate; and (4) of certain shares of stock pledged under a prior mortgage to the Guaranty Trust Company, dated February 1, 1897. Then it grants “all and singular the railroads, railroad routes, estates,…
2Cases cited1 opinion
- Guaranty Trust Co. of New York v. Metropolitan St. Ry. Co.Court of Appeals for the Second Circuit · 1910
3Cited by1 opinion
- Pennsylvania Steel Co. v. New York City Ry. Co.Court of Appeals for the Second Circuit · 1912