Moller v. Keystone Fibre Co.
Supreme Court of Pennsylvania
Appeal, No. 249, Jan. T., 1897, by plaintiffs, from decree of C. P. Monroe Co., May T., 1896, No. 28, dismissing bill in equhy. Bill in equity to declare an assignment null and void.
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Appeal, No. 249, Jan. T., 1897, by plaintiffs, from decree of C. P. Monroe Co., May T., 1896, No. 28, dismissing bill in equhy. Bill in equity to declare an assignment null and void. The facts appear by the following portion of the opinion of the court below, by Cbaig, P. J.: This is a bill in equity brought by the plaintiffs against the defendants for the purpose of restraining and enjoining Robert W. Reynolds, trustee and attorney in fact, from paying the moneys received from certain insurance companies under policies held by the Keystone Fibre Company, by reason of the loss resulting from…
1Opinion of the Court
Opinion by
Mr. Justice McCollum,
The appellants have judgments against the Keystone Fibre Company amounting to $1,092.83, exclusive of interest and costs, which judgments they obtained in September and October, 1894. On November 23, 1894, the company’s plant was *563partially destroyed by fire. There were then eight policies of insurance on the plant, aggregating $18,500, which were issued in March and April, 1894, for the term of one year, and each of the policies bore the following indorsement: “ Loss, if any, payable as interest may appear, first to R. W. Reynolds, Trustee for the bondholders.”…
2Cases cited1 opinion
- Gordon v. PrestonSupreme Court of Pennsylvania · 1833
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