Thompson-Hiles Co. v. Dodds

Simmons, Chief Justice.

On August 5, 1893, the Thompson-Hiles Company and others, unsecured creditors of Dodds, a merchant, filed a petition against him under the insolvent trader’s act (Code, §3149a), and a receiver was appointed, who took charge of his stock of goods and sold them. Prior to the filing of the* petition, to wit on May 27 and June 3, 1893, two mortgages on the goods had been given by Dodds to the First National Bank of Cedartown; and upon a petition to distribute the fund in the hands of the receiver arising from the sale of the goods, the mortgagee,who had been made a party…