Bailes v. First National Bank of Mobile

FAULKNER, Justice.

Appellant, Bailes, as trustee in bankruptcy for American Southern Publishing Company, Inc., a corporation, appeals from an adverse ruling of the Circuit Court of Mobile County, denying his motion for new trial. American Southern, a publisher of books, whose principal business office was in Tuscaloosa, Alabama, filed a petition in bankruptcy for a receivership.

On October 7, 1966, Bailes was appointed and qualified as receiver. On April 11, 1967, an order was entered converting the proceeding to straight bankruptcy.

*387Bailes was appointed and qualified as trustee. Prior to…