Wooldridge v. Holmes
Supreme Court of Alabama
Appeal from the City Court of Montgomery. Tried before the Hon. Tiros. M. Arrington. The appellants in this case, Oscar Wooldridge and others, suing for the use of II. W. Clark, obtained a judgment in said City Court, at the February term, 1881, for $32,293.65, against the Masonic Temple Association, a private domestic corporation; and sued out process of garnishment against George B. Holmes and others, as the debtors of said corporation.
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Appeal from the City Court of Montgomery. Tried before the Hon. Tiros. M. Arrington. The appellants in this case, Oscar Wooldridge and others, suing for the use of II. W. Clark, obtained a judgment in said City Court, at the February term, 1881, for $32,293.65, against the Masonic Temple Association, a private domestic corporation; and sued out process of garnishment against George B. Holmes and others, as the debtors of said corporation. Wooldridge et al. were the assignees in bankruptcy of the Southern Life Insurance Company, of Memphis, Tennessee, which had been adjudicated a bankrupt; and…
1Opinion of the CourtStone, C. J.
The Masonic Temple Association, a corporation, made sale of its capital stock, and Geo. B. Holmes became the purchaser of twenty shares, amounting to one thousand dollars. Payment for the shares was secured by promissory notes, of which three remain unpaid, amounting to three hundred dollars, with interest. The Masonic Temple Association borrowed money from the Southern Life Insurance Company of Memphis, Tennessee, another corporation, and, among other securities, placed Holmes’ notes in its custody, as collat*570eral security for the payment of the loan. The loan has never been repaid ; but,…
2Cases cited5 opinions
- Henry v. Murphy & Co.Supreme Court of Alabama · 1875
- Jones's Adm'r v. CrewsSupreme Court of Alabama · 1879
- Henderson v. Ala. Gold Life InsuranceSupreme Court of Alabama · 1882
- Hawks v. HinchcliffNew York Supreme Court · 1854
- Winslow v. BrackenSupreme Court of Alabama · 1876
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