Kalamazoo Spring & Axle Co. v. Winans, Pratt & Co.
Michigan Supreme Court
Appeal from Kalamazoo; Buck, J. Bill by the Kalamazoo Spring & Axle Co. and others against Winans, Pratt & Co. and others to set aside certain mortgages. From a decree dismissing the bill, complainants appeal.
1Opinion of the CourtMcGrath, C. J.
Winans, Pratt & Go., a corporation, on June 6, 1893, made an assignment to Alfred J. Mills. On June 5, 1893, it executed three chattel mortgages, one to the First National Bank of Kalamazoo, one to Jacob K. Wagner, and the third to David B. Merrill, and a real-estate mortgage to said bank. The chattel mortgage to the bank was given priority. Wagner was president of the bank; James W. Osborn was its vice president; and Merrill was a director. Wagner, Osborn, and one Kauffer were the discount committee of the bank. James W. Osborn and Alfred J. Mills were partners as Osborn & Mills, and…
2Cases cited4 opinions
- Eureka Iron & Steel Works v. BresnahanMichigan Supreme Court · 1886
- Warner v. LittlefieldMichigan Supreme Court · 1891
- Sheldon v. MannMichigan Supreme Court · 1891
- National Bank v. First National BankMichigan Supreme Court · 1894
3Cited by2 opinions
- Lackawanna Pants Mfg. Co. v. WisemanCourt of Appeals for the Sixth Circuit · 1943
- Sudduth v. Storm King Coal Co.Court of Appeals for the Sixth Circuit · 1920