United States Mortgage Co. v. Sperry
Supreme Court of the United States
APPEAL FROM THE CIRCUIT COURT OE THE UNITED STATES FOR THE NORTHERN DISTRICT OF ILLINOIS. This appeal brought up for review a decree (United States Mortgage Co. v. Sperry, 24 Fed. Rep. 838, and United States Mortgage Co. v. Sperry, 26 Fed.
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APPEAL FROM THE CIRCUIT COURT OE THE UNITED STATES FOR THE NORTHERN DISTRICT OF ILLINOIS. This appeal brought up for review a decree (United States Mortgage Co. v. Sperry, 24 Fed. Rep. 838, and United States Mortgage Co. v. Sperry, 26 Fed. Rep. 727) ordering the sale of certain real- property in the city of Chicago, belonging to the appellee Henry ~W. Kingsbury, in satisfaction of the aggregate amount found to be due on three bonds given by his guardian to the United States Mortgage Company, with the approval of the county court of Cook County •— by which court the guardian was appointed —…
1Opinion of the CourtJustice Harlan
1. In the court below one of the contentions of the appellee Kingsbury — who reached his majority before the final decree, and became a defendant — was, that the guardian had no authority to borrow moneys for the purpose of erecting buildings to be rented, or to mortgage the minor’s property to secure the payment of moneys borrowed for that .or any other purpose; that no such authority could be conferred by the county court; and, consequently, that the mortgages were absolutely void. The Circuit Court did not concur in this view. It held the mortgages to be valid instruments t'o secure the…
2Cases cited16 opinions
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