Chicago Deposit Vault Co. v. McNulta
Supreme Court of the United States
APPEAL FROM THE CIRCUIT COURT OF THE UNITED STATES FOR THE NORTHERN DISTRICT OF ILLINOIS. Charles H. Beers, as the holder of certain bonds of the Wabash, St. Louis and Pacific Kailroad Company, secured by a mortgage or trust deed on the Chicago division of that road, in 1886 filed a bill on behalf of himself and others in the Circuit Court of the United States for the Northern District of Illinois for the purpose of foreclosing the mortgage, and prayed that pending the…
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APPEAL FROM THE CIRCUIT COURT OF THE UNITED STATES FOR THE NORTHERN DISTRICT OF ILLINOIS. Charles H. Beers, as the holder of certain bonds of the Wabash, St. Louis and Pacific Kailroad Company, secured by a mortgage or trust deed on the Chicago division of that road, in 1886 filed a bill on behalf of himself and others in the Circuit Court of the United States for the Northern District of Illinois for the purpose of foreclosing the mortgage, and prayed that pending the rendition of the decree in. the cause the court would appoint some disinterested and practical person receiver of all the…
1Opinion of the CourtJustice Jackson
• The proof fails to show, as said in the opinion of the court below, that the lease was ever reported to or confirmed by the court. The receiver’s reports which were approved by the court did not disclose the fact of the existence of the lease, or ’ its terms and provisions, in such manner as to make the court’s approval of the reports a confirmation of the lease.
The question then remains whether the order appointing the receiver conferred upon him the requisite authority to enter into a contract of lease, involving a large annual expenditure, and extending beyond the receivership so as to…
2Cases cited3 opinions
- Union Trust Co. v. Illinois Midland Railway Co.Supreme Court of the United States · 1886
- Cowdrey v. Galveston, Houston, & Henderson RailroadSupreme Court of the United States · 1877
- Cowdrey v. Railroad Co.U.S. Circuit Court for the District of Eastern Texas · 1870
3Cited by44 opinions
- In Re Wil-Low CafeteriasCourt of Appeals for the Second Circuit · 1940
- Northern Pacific Railway Co. v. American Trading Co.Supreme Court of the United States · 1904
- Local Joint Executive Board, Afl-Cio v. Hotel Circle, Inc.Court of Appeals for the Ninth Circuit · 1980
- In Re American Cooler Co.Court of Appeals for the Second Circuit · 1942
- Postal Tel. Cable Co. of Utah v. Oregon S. L. R.Utah Supreme Court · 1901
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