Northern Trust Co. v. Snyder
Court of Appeals for the Seventh Circuit
On Appeal from th.e Circuit Court of the United States for the Northern District of Illinois. Suit by the Northern Trust Company, trustee, against the Columbia Straw-Paper Company, to foreclose a trust deed. Annie E. Snyder, administratrix of Henry Snyder, deceased, intervened, for the purpose of demanding insurance money in the hands of complainant. From a decree in her favor, complainant appeals.
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On Appeal from th.e Circuit Court of the United States for the Northern District of Illinois. Suit by the Northern Trust Company, trustee, against the Columbia Straw-Paper Company, to foreclose a trust deed. Annie E. Snyder, administratrix of Henry Snyder, deceased, intervened, for the purpose of demanding insurance money in the hands of complainant. From a decree in her favor, complainant appeals. On the 2d day of September, 1872, Henry Snyder, the appellee’s intestate, executed and delivered to George W. Hastings, James E. Stewart, and Frederick Holford a lease of certain premises in Clark…
1Opinion of the CourtJenkins, Circuit Judge
The lease contained covenants that the lessees would keep the buildings insured for two-thirds of their value, and, in case of destruction by fire, would apply the proceeds of the insurance in rebuilding, or would pay over the amount of such insurance to the lessor, at their option. The rights of the Columbia Straw Paper Company and of the appellant were acquired with notice of and subject to these terms. This covenant was one running with the land, and bound the assignee of the lease and all who acquired rights under him. Thomas v. Von Kapff, 6 Gill & J. 372; Vernon v. Smith, 5 Barn. & Ald.…
2Cases cited4 opinions
- Carpenter v. Providence Washington InsuranceSupreme Court of the United States · 1842
- The Columbia Insurance Company of Alexandria, in Error v. Joseph W. Lawrence, Who Survived Thomas PoindexterSupreme Court of the United States · 1836
- The City of NorwichSupreme Court of the United States · 1886
- Carter v. RockettNew York Court of Chancery · 1840
3Cited by7 opinions
- Cumis Insurance Society, Inc. v. Republic National Bank of DallasCourt of Appeals of Texas · 1972
- Smith v. MetzIndiana Court of Appeals · 1958
- North River Ins. v. ClarkCourt of Appeals for the Ninth Circuit · 1935
- St. Regis Restaurant v. PowersAppellate Terms of the Supreme Court of New York · 1926
- Voight v. Southern Ohio Savings Bank & Trust Co.Ohio Court of Appeals · 1939
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