Detroit Trust Co. v. Detroit, Flint & Saginaw Railway
Michigan Supreme Court
Appeal from Genesee; Wisner, J. Bill by the Detroit Trust Company, trustee, against the Detroit, Flint & Saginaw Railway, the Praether Engineering Company, J. H. Kusell, trustee, and the Harrisburg Foundry & Machine Works for the foreclosure of a mortgage. Defendants Praether Engineering Company, J. H. Kusell, trustee, and the Harrisburg Foundry & Machine Works filed answers in the nature of cross-bills to enforce mechanics’ liens.
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Appeal from Genesee; Wisner, J. Bill by the Detroit Trust Company, trustee, against the Detroit, Flint & Saginaw Railway, the Praether Engineering Company, J. H. Kusell, trustee, and the Harrisburg Foundry & Machine Works for the foreclosure of a mortgage. Defendants Praether Engineering Company, J. H. Kusell, trustee, and the Harrisburg Foundry & Machine Works filed answers in the nature of cross-bills to enforce mechanics’ liens. From a decree for complainants, and dismissing the cross-bills, said defendants appeal.
1Opinion of the CourtBlair, C. J.
The Detroit, Flint & Saginaw Railway, a Michigan corporation, organized for the purpose of building and equipping an electrical railroad from the city of Saginaw, in Saginaw county, to the city of Flint, in Genesee county, by the way of Bridgeport, and a spur from there to the village of Frankenmuth, for the purpose of financing the project, on the 13th day of January, 1904, gave a trust mortgage to the complainant, the Detroit Trust Company, as trustee, to secure the issue of bonds to the extent of $1,000,000. The mortgage covered *444all property then owned or that might thereafter be acquired,…
2Cases cited15 opinions
- Fosdick v. SchallSupreme Court of the United States · 1879
- Toledo, Delphos & Burlington Railroad v. HamiltonSupreme Court of the United States · 1890
- Porter v. Pittsburg Bessemer Steel Co.Supreme Court of the United States · 1887
- Hunt v. Bay State Iron Co.Massachusetts Supreme Judicial Court · 1867
- Porter v. Pittsburg Bessemer Steel Co.Supreme Court of the United States · 1887
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