Cowdrey v. Galveston, Houston, & Henderson Railroad

In February, 1867, a suit was commenced in the Circuit Court of the United States for the Eastern District of.-Texas, for the foreclosure of certain mortgages executed by the Galveston, Houston, and Henderson Railroad Company, a corporation created by the legislature of Texas, and the sale of the mortgaged property. The mortgages were adjudged valid by the court, and a sale of the mortgaged property was decreed. Subsequently, in 1869, by consent of the parties, Cowdrey, one of the complainants, was authorized to take the charge aiid management of the property, and act as receiver of the…