Sweet & Clark Co. v. Union National Bank

The appellee brought its action to foreclose certain mortgages, and for the appointment of a receiver; and the appellants, the Sweet & Clark Company and John C. Tib bits, assignee of said com-*306party, have taken this appeal from the order appointing the receiver.

One of the assignments of error is, that the complaint does not state facts sufficient to authorize the appointment of a receiver. The complaint shows the insolvency of the appellant company, and its mortgage indebtedness to appeleee in the sum of $17,500.00, which indebtedness, so far as its chief security is concerned, is subject to a…