Austin v. First National Bank
Michigan Supreme Court
Appeal from Calhoun. (Smith, J.) Argued February 14, 1894. Decided June 16, 1894. Bill to foreclose certain mortgages. Defendants appeal.. The facts are stated in the opinion.
1Opinion of the CourtHooker, J.
The Union School Furniture Company of Battle Creek, a corporation, lost its plant by fire. It had a large outstanding indebtedness, considerable of which was secured by paper indorsed by some of its directors. A meeting was held, and it was proposed to make an assignment to a trustee, for the benefit of certain creditors;; but, upon information that such an assignment would be void, it was determined to execute mortgages of the real and personal property to such trustee, and instruments-intended as such were executed and delivered.
The first instrument is a deed of a number of parcels of real…
2Cases cited2 opinions
- Warner v. LittlefieldMichigan Supreme Court · 1891
- Sheldon v. MannMichigan Supreme Court · 1891
3Cited by8 opinions
- Dearing v. . McKinnon Dash Hardware Co.New York Court of Appeals · 1900
- McMorran v. MooreMichigan Supreme Court · 1897
- Conely v. CollinsMichigan Supreme Court · 1899
- Webber v. HayesMichigan Supreme Court · 1898
- Wood v. EldredgeMichigan Supreme Court · 1907
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