Mercantile Trust Co. v. Sunset Road Oil Co.
California Supreme Court
APPEAL from an order of the Superior Court of Kern County granting a new trial. H. A. Peairs, Judge. The facts are stated in the opinion of the court.
1Opinion of the CourtShaw, J.
This is an appeal by the defendants above named from an order granting a motion of the Kern Valley Bank and W. R. Williams, superintendent of banks, for a new trial of the action.
The complaint states a cause of action for the foreclosure of a mortgage executed to secure bonds issued by the Sunset Road Oil Company. The Sunset Road Oil Company was organized in June, 1905. In the early part of July, 1905, it authorized the creation of a bonded debt of two million dollars, to be evidenced by 1,990 bonds for one thousand dollars each, and one hundred bonds for one hundred dollars each, running…
2Cited by22 opinions
- Brooks v. Metropolitan Life InsuranceCalifornia Supreme Court · 1945
- Ballard v. Pacific Greyhound LinesCalifornia Supreme Court · 1946
- Mercantile Trust Co. v. Sunset Road Oil Co.California Supreme Court · 1917
- People v. SheranCalifornia Supreme Court · 1957
- Weddle v. LogesCalifornia Court of Appeal · 1942
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