Bank of Commerce & Trusts v. McArthur
District Court, E.D. North Carolina
In Equity. Suit by the Bank of Commerce and Trusts and others against Adam McArthur and others. On motion by complainants to have judgment satisfied out of the property of a defendant other than the one named.
1Opinion of the Court
CONNOR, District Judge.
The pleadings and exhibits disclose; That on or about January 2, 1913, J. Sprunt Newton was the owner of a mill plant, logging outfit, and a quantity of standing timber. Desiring to have the timber manufactured into logs, he proposed to defendants D. E. McBryde, W. N. Walker, R. H. Davis, and R. W. Herring that they form a corporation, to be known as the Garland Lumber Company. That he would sell to the corporation the mill plant and logging outfit, for which they should execute their two notes, for $10,000 each, and enter into a contract with him to manufacture the…
2Cases cited22 opinions
- Gregg v. City of WilmingtonSupreme Court of North Carolina · 1911
- Lenox v. ProutSupreme Court of the United States · 1818
- Davison v. Gregory.Supreme Court of North Carolina · 1903
- Holden v. . StricklandSupreme Court of North Carolina · 1895
- Blackwell Durham Tobacco Co. v. McElweeSupreme Court of North Carolina · 1886
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