Zartman v. First National Bank of Waterloo
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendant, The First National Bank of Waterloo, as trustee for the .bondholders of the Waterloo Organ Company, from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of Seneca on the 6th day of January, 1905, upon the decision of the court rendered after a trial at the Seneca Special Term.
1Opinion of the Court
Spring, J.:
On the 1st of December, 1894, the Waterloo.Organ Company, a domestic corporation, executed its mortgage to the defendant as trustee^ designed as collateral security for an issue of eighty of its corporate bonds each of the denomination of $500. The mortgage covered the manufacturing plant of the organ company, including its water power franchises, property “acquired or which may be hereafter acquired,” including all the property of every kind owned by said mortgagor. It further provided that in case of default in the payment of the interest on any of said bonds, such default…
2Cases cited8 opinions
- Dooley v. PeaseSupreme Court of the United States · 1901
- Brackett v. . HarveyNew York Court of Appeals · 1883
- Rochester Distilling Co. v. RaseyNew York Court of Appeals · 1894
- McCaffrey v. . WoodinNew York Court of Appeals · 1875
- Mandeville v. . AveryNew York Court of Appeals · 1891
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3Cited by3 opinions
- Zartman v. First National BankNew York Court of Appeals · 1907
- In re Medina Quarry Co.District Court, W.D. New York · 1910
- Burmeister v. KosterNew York Supreme Court · 1907