Farmers' Loan & Trust Co. v. New York & Northern Railway Co.
New York Supreme Court
Appeal from special term, Westchester county. Action by the Farmers’ Loan & Trust Company against the New York & Northern Railway Company and Artemas H. Holmes, Alfred R. Pick, and others to foreclose a mortgage. From a judgment in favor of plaintiff, defendants Holmes and Pick appeal. Affirmed.
1Opinion of the CourtBrown, P. J.
This action was to foreclose a mortgage made by the New York & Northern Railway Company to the plaintiff, as trustee, to secure the payment of bonds amounting to the sum of $3,200,000. The railway company did not defend, but the defendants Holmes and Pick were permitted by the court to intervene and serve an answer to the complaint, and they have appealed from the judgment. Prior to January, 1893, the majority of the bonds and stock of the Northern road were owned by the New York Loan & Improvement Company. About January 28th, bonds to the amount of $1,700,000, and a majority of the stock,…
2Cases cited3 opinions
- Gamble v. Queens County Water Co.New York Court of Appeals · 1890
- Morgan's Louisiana & Texas Railroad & Steamship Co. v. Texas Central Railway Co.Supreme Court of the United States · 1890
- Guaranty Trust and Safe Deposit Co. v. Green Cove Springs and Melrose RailroadSupreme Court of the United States · 1891
3Cited by2 opinions
- Oelbermann v. New York & Northern Railway Co.New York Supreme Court · 1895
- Farmers' Loan & Trust Co. v. New York & Northern Railway Co.Appellate Division of the Supreme Court of the State of New York · 1904