Olcott v. Bynum
Supreme Court of the United States
Error to the Circuit Court for the District of North Carolina; the case being thus : In the year 1854, the High Shoals Manufacturing Company owning 14,873 acres of land in the counties of Lincoln, Gas-ton, and Cleveland, iu North Carolina, having upon it two Aváter-powers, abounding in iron ore and other minerals, and having erected thereon two iron-works, forges, furnaces, machinery, and other fixtures for the manufacture of iron, sold the same, in a body, to one Groot, who…
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Error to the Circuit Court for the District of North Carolina; the case being thus : In the year 1854, the High Shoals Manufacturing Company owning 14,873 acres of land in the counties of Lincoln, Gas-ton, and Cleveland, iu North Carolina, having upon it two Aváter-powers, abounding in iron ore and other minerals, and having erected thereon two iron-works, forges, furnaces, machinery, and other fixtures for the manufacture of iron, sold the same, in a body, to one Groot, who paid $75,000 therefor; $25,000 in cash and a mortgage of $50,000 to two persons, Bynum and Grier, trustees for the High…
1Opinion of the CourtJustice Swayne
The object and prayer of the bill in this case are to redeem certain premises therein described, consisting of upwards of 14,000 acres of land, sold by the defendants Bynum’ and Grier to the defendant Sloan, under a mortgage containing a power of sale. The mortgage was executed by the defendant Hovey, and'bears date the 1st day of January, 1859. Bynum and Grier, as trustees for the High Shoals Manufacturing Company7, were the mortgagees. The mortgage recites that Hovey had executed to Bynum and Grier a penal bond in the sum of $80,000 to secure the paymient of $40,000 in three instalments of…
2Cases cited4 opinions
- Noonan v. LeeSupreme Court of the United States · 1863
- Astor v. MillerNew York Court of Chancery · 1830
- Sayre v. TownsendsNew York Supreme Court · 1836
- Holden v. GilbertNew York Court of Chancery · 1838
3Cited by92 opinions
- Springer v. United StatesSupreme Court of the United States · 1881
- Brine v. Insurance Co.Supreme Court of the United States · 1878
- Chicago & Vincennes Railroad v. FosdickSupreme Court of the United States · 1882
- A-Z Servicenter, Inc. v. SegallMassachusetts Supreme Judicial Court · 1956
- Humble Oil & Refining Co. v. Sun Oil Co.Court of Appeals for the Fifth Circuit · 1951
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