First Nat. Bank of Jeffersonville v. Ohio Falls Car & Locomotive Works
U.S. Circuit Court for the District of Indiana
The Ohio Falls Gar & Locomotive Gompany is a corporation duly organized under the laws of the state of Indiana. It stopped payment in the month of October, 1873. At that lime it owned certain real estate, buildings, machinery, etc., in Jeffersonville, Indiana, which were subject to a mortgage of §>121,000." There had been executed to it by the Chespeake & Ohio Railroad Company divers notes, aggregating the sum of $262,767.11, secured by the pledge of 329 bonds, of S1,000…
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The Ohio Falls Gar & Locomotive Gompany is a corporation duly organized under the laws of the state of Indiana. It stopped payment in the month of October, 1873. At that lime it owned certain real estate, buildings, machinery, etc., in Jeffersonville, Indiana, which were subject to a mortgage of §>121,000." There had been executed to it by the Chespeake & Ohio Railroad Company divers notes, aggregating the sum of $262,767.11, secured by the pledge of 329 bonds, of S1,000 each, issued by the said Chesapeake & Ohio Railroad. Company, and secured by a mortgage upon its property. Of those notes…
1Opinion of the CourtWoods, J.
Objections are made by counsel for the defendant, on account of alleged defects of the record of the procedure, to the jurisdiction of the Louisville chancery court, in the case of the First National Bank of Jeffersonville; but the questions thus presented need not be decided. Treating as valid and effective, between the parties to the respective records, all the judgments of that court with which the parties to this case are concerned, the important fact remains that neither the Ohio Falls Car & Locomotive Company, nor the trustees to whom that company made the assignment of October, 1873,…
2Cases cited5 opinions
- Slee v. President & Directors of the Manhattan Co.New York Court of Chancery · 1828
- Hoyt v. . MartenseNew York Court of Appeals · 1857
- Montague v. Boston & Albany RailroadMassachusetts Supreme Judicial Court · 1878
- Dalton v. . SmithNew York Court of Appeals · 1881
- Stevens v. Dedham Institution for SavingsMassachusetts Supreme Judicial Court · 1880
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