Central Trust Co. v. H. B. Mehring Co.

It would seem that the reasons for the writer's only difference with the conclusions expressed in the opinion of Judge Offutt, in which Judge Sloan concurred, should be stated.

The receiver in the instant case was appointed with authority to continue the operation of the business of a failing corporation, which was not engaged in any public service. On the day of the decree the receiver was empowered by an order of the chancellor to borrow the sum of five thousand dollars, and to issue therefor five receiver certificates, bearing interest and payable at a fixed maturity. The order specifically…