Producers' Naval Stores Co. v. McAllister
Court of Appeals for the Fifth Circuit
Appeal from the District Court of the United States for the Northern District of Florida; William B. Sheppard, Judge. Suit by Felo McAllister, as trustee of the estate of the Blue Creek Company, bankrupt, against the Producers’ Naval Stores Company and others. Decree for complainant, and defendants appeal.
1Opinion of the Court
BRYAN, Circuit Judge.
February 28, 1914, the Blue Creek Company, a Florida corporation, executed its negotiable notes, aggregating $200,000, and a mortgage upon lands in Florida to secure the same, *15to the Producers’ Naval Stores Company, a Georgia corporation. The mortgage contained a covenant that the mortgagee ' should have the right to assign it to a trustee. March 28, 1914, the Producers’ Naval Stores Company indorsed the notes and assigned the mortgage to the Citizens’ & Southern Bank of Savannah, a Georgia corporation, as trustee, for the equal benefit of the holders of the promissory…
2Cases cited8 opinions
- Metcalf v. BarkerSupreme Court of the United States · 1902
- Ewell v. DaggsSupreme Court of the United States · 1883
- West Side Belt Railroad v. Pittsburgh Construction Co.Supreme Court of the United States · 1911
- Pensacola & Atlantic Railroad v. StateSupreme Court of Florida · 1903
- Commercial National Bank v. JordanSupreme Court of Florida · 1916
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3Cited by1 opinion
- Mitchell v. Ada Investment Co.Idaho Supreme Court · 1926