York v. Acadia Land Co.

DAWKINS, District Judge.

This cause is now considered upon the application for a rule by the First National Bank of Memphis, Tenn. (hereinafter called the bank), against the receiver of the Acadia Land Company (hereinafter called the Land Company), directing the latter to show cause why the bank should not be permitted to proceed with the foreclosure of a mortgage upon certain timbered lands belonging to the Land Company.

The circumstances surrounding the matter are as follows: On July 16, 1923, the plaintiff, Robert York, and one Mary Y. Trigg, as the then owners of the property, executed a…