American Trust Co. v. Crescent Ice Co.
Supreme Court of Louisiana
Appeal from Civil District Court, Parish of Orleans; Fred D. King, Judge. Action by the Amercian Trust Company against the Crescent Ice Company, in which the Tennessee Coal, Iron & Railroad Company, a creditor, intervenes. From orders appointing a receivér authorizing the receiver to sell property, and for a seizure and sale, the intervener appeals.
1Opinion of the CourtBreaux, C. J.
Three separate appeals were taken by the Tennessee Coal, Iron & Railroad Company (a creditor of the Orescent Ice Company, in the amount of $19,542.95, with interest) from three orders or judgments presented in three transcripts to the end of having a public sale decreed null.
Plaintiff, at whose instance the sale was made, is the trustee of the defendant company, having been made a trustee in order to represent the bondholders secured by mortgage.
The deed making it a trustee, dated November 1, 1899, was in the form of a common-law deed of trust. The amount of the bonds was $620,000. This deed…
2Cases cited2 opinions
- Untereiner v. MillerSupreme Court of Louisiana · 1877
- In re Receivership of Bonita Mercantile Co.Supreme Court of Louisiana · 1911
3Cited by6 opinions
- First Guar. Bk. v. Baton Rouge Petroleum Center, Inc.Supreme Court of Louisiana · 1988
- Louisiana National Bank of Baton Rouge v. HeromanLouisiana Court of Appeal · 1973
- State Ex Rel. Avenius v. TidballWyoming Supreme Court · 1927
- Hibernia National Bank in New Orleans v. Con-Agg Equipment Leasing Corp.Louisiana Court of Appeal · 1985
- American Trust Co. v. Crescent Ice Co.Supreme Court of Louisiana · 1915
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