Georgetown Water Co. v. Fidelity Trust & Safety Vault Co.
Court of Appeals of Kentucky
Case 35 — Action by Fidelity Trust & .Safety Vault Company against Georgetown Water Company and Others to Foreclose a Mortgage. APPEAL FROM SCOTT CIRCUIT COURT. From the Judgment Distributing the Proceeds of the Foreclosure Sale, all Parties Appeal.
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Case 35 — Action by Fidelity Trust & .Safety Vault Company against Georgetown Water Company and Others to Foreclose a Mortgage. APPEAL FROM SCOTT CIRCUIT COURT. From the Judgment Distributing the Proceeds of the Foreclosure Sale, all Parties Appeal. POINTS AND AUTHORITIES. 1. 'The confirmation of the sale of the -plants to Montgomery and associates under the judgment of the Central Thomson-Houston Company v. The Georgetown Water Gompany, was affirmed by the court so far as the Georgetown Water Company was concerned, and its title passed to said purchasers subject to the mortgage lien of the…
1Opinion of the Court
Opinion op the court by
JUDGE HOBSON
Reversing.
The Georgetown Water Company was incorporated June 21, 1889. Tbe incorporators were R. A. Mitchell, John Nichols, and E. H. Patterson. The stock of the company was fixed at $100,000, and was issued to the incorporators; they *331transferring to the corporation a contract madé by them with the city of Georgetown in payment of the stock. They put into the company, each $4,000. They bought ground, erected a plant, and laid mains. They also bought electrical machinery for an incandescent light system. They borrowed from a bank at Pineville $10,000. They…
2Cases cited3 opinions
- Porter v. Pittsburg Bessemer Steel Co.Supreme Court of the United States · 1887
- Clore v. LambertCourt of Appeals of Kentucky · 1879
- Richie v. CralleCourt of Appeals of Kentucky · 1900
3Cited by7 opinions
- In Re American Fuel & Power Co.Court of Appeals for the Sixth Circuit · 1945
- United States Cast Iron Pipe & Foundry Co. v. Henry Vogt Machine Co.Court of Appeals of Kentucky · 1918
- Watt's Administrator v. SmithCourt of Appeals of Kentucky (pre-1976) · 1933
- Green v. Vanston Bondholders Protective CommitteeCourt of Appeals for the Sixth Circuit · 1945
- Montgomery v. Farmers' National BankCourt of Appeals of Kentucky · 1914
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