Chicago v. Tebbetts
Supreme Court of the United States
Appeal from the Circuit Court of the United States for the Northern District of Illinois. James D. Bruner, the owner of certain premises in the city of Chicago, conveyed them by two deeds of trust bearing date July. 10, 1866, and June 12, 1867, respectively, to Levi D. Boone, as trustee, to secure to the Union Mutual Life Insurance Company the payment of two notes, one for $10,000 and one for $8,000. On Sept. 9, 1867, Bruner conveyed the premises to Charles A. Gregory,…
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Appeal from the Circuit Court of the United States for the Northern District of Illinois. James D. Bruner, the owner of certain premises in the city of Chicago, conveyed them by two deeds of trust bearing date July. 10, 1866, and June 12, 1867, respectively, to Levi D. Boone, as trustee, to secure to the Union Mutual Life Insurance Company the payment of two notes, one for $10,000 and one for $8,000. On Sept. 9, 1867, Bruner conveyed the premises to Charles A. Gregory, subject to the outstanding indebtedness. Dec. 12, 1867, $2,000 with interest was paid on the $8,000 note. The city council…
1Opinion of the CourtJustice Beadley
The decree in this case must be affirmed. The grounds taken by the appellant for resisting payment of the $10,000 due on the note given by Bruner to the insurance company, and secured by the trust deed given to Boone, are quite remarkable. It is conceded that the land embraced in the deed was regularly condemned for a street in 1808, and assessed at ' $86,000, without any deduction for benefits; and that no one was interested in it except Gregory, the owner of the fee, and Boone, as trustee for the insurance company, who held two deeds, of trust thereon to secure two several notes for money…
2Cited by8 opinions
- Agency of Canadian Car & Foundry Co. v. American Can Co.Court of Appeals for the Second Circuit · 1919
- Day v. Postal Telegraph Co.Court of Appeals of Maryland · 1887
- Swanson v. United StatesCourt of Appeals for the Ninth Circuit · 1946
- Empire State Surety Co. v. LindenmeierSupreme Court of Colorado · 1913
- City of Peoria v. Peoria City Lines, Inc.Illinois Supreme Court · 1962
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