Peck v. Ingraham
Mississippi Supreme Court
IN error from the southern district chancery court; Hon. James M. Smiley, vice-chancellor. The opinion of the court, and the points made by counsel, contain the facts of the case. Our first position is, that Read, one of the complainants, has no interest whatever in the subject-matter of the suit, and is therefore improperly a party complainant.
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IN error from the southern district chancery court; Hon. James M. Smiley, vice-chancellor. The opinion of the court, and the points made by counsel, contain the facts of the case. Our first position is, that Read, one of the complainants, has no interest whatever in the subject-matter of the suit, and is therefore improperly a party complainant. We hold that the title to the judgment sued upon, passed to Lindsay and Ingraham by the deed of February 10, 1842; that the subsequent deed from the bank and Ingraham, to Ingraham and Read, was not in the execution of the trusts and powers conferred…
1Opinion of the CourtJustice Handy
On the 10th February, 1842, the president and directors of the Grand Gulf Railroad and Banking Company, by deed conveyed, assigned, and delivered to John Lindsay and Alfred Ingraham, all their property, real and personal, effects, choses in action, and evidences of debt, with a few specified exceptions, to be held by them, “ and the survivor of them, and the heirs, executors, administrators, and assigns of such survivor,” in trust for the payment of the debts of the corporation. During the same year Lindsay died, after the trust had been accepted by the trustees; and on the 1st December,…
2Cited by1 opinion
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