In re Empire Shipbuilding Co.
Court of Appeals for the Second Circuit
Appeal from the District Court of the United States for the Western District of New York. This cause comes here upon appeal from a decree of the District Court for the Western District of New York, directing the payment by the trustee in bankruptcy of the bankrupt of the proceeds of the sale of the vessel United Shores to certain claimants of said proceeds to the' extent necessary to satisfy their claims, and of the remainder of said proceeds to the trustee in bankruptcy to…
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Appeal from the District Court of the United States for the Western District of New York. This cause comes here upon appeal from a decree of the District Court for the Western District of New York, directing the payment by the trustee in bankruptcy of the bankrupt of the proceeds of the sale of the vessel United Shores to certain claimants of said proceeds to the' extent necessary to satisfy their claims, and of the remainder of said proceeds to the trustee in bankruptcy to apply upon the claims of general creditors. This appellant is mortgagee of the said vessel under a trust mortgage given…
1Opinion of the Court
LACOMBE, Circuit Judge.
The vessel United Shores was constructed by the bankrupt pursuant to a contract with the Buffalo & Ft. Erie Ferry & Railway Company, hereinafter called the Buffalo Ferry Company. The contract provided that the title to the vessel should remain in the Shipbuilding Company until payment of the purchase price had been made, but, for the purpose of enabling a mortgage to be placed on her to provide funds with which to pay the purchase price, it was stipulated that the Shipbuilding Company should transfer the vessel to some person or corporation designated by the purchaser…
2Cited by11 opinions
- J. G. Jackson and J. G. Jackson, Jr., Intervenors v. Inland Oil and Transport Co.Court of Appeals for the Fifth Circuit · 1963
- Braga v. BragaMassachusetts Supreme Judicial Court · 1943
- The Fort OrangeDistrict Court, S.D. New York · 1933
- The SusanaCourt of Appeals for the Fourth Circuit · 1924
- The UnderwriterDistrict Court, E.D. New York · 1925
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