Kennedy v. Foley, Receiver

Incident to the liquidation of three insolvent corporations the trial court had occasion to consider the validity of certain chattel mortgage liens of American Security and Trust Company (American) and Blakeley Bank and Trust Company (Blakeley). On 23 March 1965, at the conclusion of a two day hearing, the court, in respect of American’s lien, said:

“The Court finds from all of the evidence that the American Security and Trust holds a valid chattel mortgage on the press described therein. No question in my mind whatsoever.”

Counsel for American was thereupon excused and withdrew from the…