(DOWNLOAD) "Crawshay Et Al. v. Soutter and Knapp" by United States Supreme Court * Book PDF Kindle ePub Free
eBook details
- Title: Crawshay Et Al. v. Soutter and Knapp
- Author : United States Supreme Court
- Release Date : January 01, 1867
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 60 KB
Description
Mr. Ryan, for the appellants; Messrs. Cary and Carlisle, contra. After a protracted litigation, the Circuit Court for the District of Wisconsin, at its last September Term, confirmed the sale made by the marshal in what is known as the land-grant foreclosure suit, brought by Soutter and Knapp, surviving trustees, against the La Crosse and Milwaukee Railroad Company. These appeals are brought here to review that order of confirmation, and will be considered together. Various exceptions were taken in the court below, and are renewed here, to the report of the marshal of the sale of the mortgaged premises, but it is unnecessary to notice them, as Crawshay and Oddie are not in a condition to avail themselves of them; and the rights of Vose, as owner of bonds or certificates, are protected by the order of confirmation. Crawshay and Oddie were original bondholders under the land-grant mortgage, but before filing their exceptions to the report of sale, they had surrendered their bonds to the trustees, appointed under the scheme for the adjustment of the affairs of the La Crosse company; took certificates of stock, and subsequently the bonds and stock of the St. Paul company, as provided in the agreement for organizing it. By doing this, they elected to abide by the action of the trustees, and cannot now be heard to interpose any objection to the confirmation of the sale.