Central Trust Co. v. Sheffield & Birmingham Coal, Iron & Ry. Co.

60 F. 9, 1894 U.S. App. LEXIS 2046
CourtU.S. Circuit Court for the District of Northern Alabama
DecidedFebruary 21, 1894
StatusPublished
Cited by5 cases

This text of 60 F. 9 (Central Trust Co. v. Sheffield & Birmingham Coal, Iron & Ry. Co.) is published on Counsel Stack Legal Research, covering U.S. Circuit Court for the District of Northern Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Central Trust Co. v. Sheffield & Birmingham Coal, Iron & Ry. Co., 60 F. 9, 1894 U.S. App. LEXIS 2046 (circtndal 1894).

Opinion

PARDEE, Circuit Judge.

In the case of The Central Trust Company v. The Sheffield & Birmingham Coal, Iron & Railway Company, [10]*10the Anniston Loan & Trust Company, intervener, holder of certain receiver’s certificates issued in the main case, obtained a decree November 22, 1892, condemning Napoleon HUI, trustee, or his assignee, the Alabama Iron & Railway Company, and James C. Neely, trustee, or his assignee, the Townley Coal & Coke Company, to pay or cause to be paid to the intervener, the Anniston Loan & Trust Company, a corporation created under the laws of the state of Alabama, or to Knox & Bowie, its solicitors of record, or to Milton Humes, special master, the sum of $29,675, and all the costs of the case, within 20 days from the signing of the decree, and otherwise that the said Milton Humes, special master, shall forthwith proceed to sell at public outcry, for cash, to the highest bidder, all of the property described in the certain two mortgages, and purchased by Napoleon Hill and J. C. Neely, trustees, under a decree of foreclosure in above-entitled suit of Central Trust Co. v. Sheffield & Birmingham Coal, Iron & Ry. Co., of date December 3, 1889, in the city of Huntsville, Madison county, Ala., in front of the IJnited States government building in the said city, giving 30 days’ notice in some newspaper published in said county of the time, terms, and place of sale, and that the said special master shall execute proper deeds of conveyance to the purchaser upon receipt of the purchase money, and place him in possession of the property purchased. The said decree also specifically described the property thus ordered to be sold, and the decree further provides that the special master, Milton Humes, shall make report of his action in the premises to the court. This decree, on appeal to the circuit court of appeals for the fifth circuit, was affirmed. 6 C. C. A. 242, 57 Fed. 25. Thereafter, and after the expiration of 20 days, the special master advertised the said property, as required in said decree, by publication of the time and place of sale for 30 days in the Huntsville Daily & Weekly Argus, a newspaper published in the city of Huntsville, Ala., to be sold on Monday, the 22d day of January, 1894. Pending that advertisement, the Alabama Iron & Railway Company, a corporation created by and existing under- the laws of the state of Alabama, the Townley Coal & Coke Company, a corporation created by and existing under the laws- of the state of Alabama, Napoleon Hill, trustee, and J. C. Neely, trustee, brought their supplemental and dependent bill of complaint against the Anniston Loan & Trust Company, and therein recited the litigation in this court previously had in relation to the decree and order of sale obtained by the Anniston Loan & Trust Company, as hereinbefore recited. The complainants averred that the special master had caused to be advertised the property for sale under the said decree, and assigned the following objections and complaints against the same: (1) That no advertisement had been made in any other paper or in any other place, except Huntsville, Ala., although the property advertised to be sold was none of it situated in Madison county, Ala., in which county Huntsville is situated, but is situated in the counties of Colbert, Franklin, Marion, Winston, Walker, and Fayette, although sáid advertisement recites that the said property is situated only in the counties of Colbert, Walker, and Fayette. (2) [11]*11That the said advertisement is illegal, in that it undertakes to sell property lying in six different counties, in each of which counties there is a newspaper published, without having said property advertised in either of said counties wherein it lies, and that the said advertisement is illegal and void because the sale is not advertised to be made upon the premises, nor in a county where any portion of said real estate is situated, as provided by the act of congress approved March 3, 1893, entitled, “An act to regulate the manner in which property shall be sold under orders and decrees of any United States courts.” (3) That said advertisement, so made, contains a description of what was formerly the Sheffield & Birmingham Bailroad, now known as the Birmingham & Tennessee Biver Bailroad, which property at one time was a part; of the Sheffield & Birmingham Coal, Iron & Bailway Company’s property, but upon which it is averred that the claim of the said Anniston Loan & Trust Company never bore any lien. (4) That the levy upon and advertisement of a large quantity of property situated in so many different counties is unnecessary and onerous, and can result in no possible good to any one connected with the litigation; that the three furnaces situated in the six acres of ground in Sheffield, Colbert county, are worth several hundred thousand dollars, and could easily be made to yield at forced sale a sum of money largely in excess of the claim of ihe Anniston Loan & Trust Company; further, that other properties levied upon were of sufficient value to pay the claim of the Anniston Loan & Trust Company. The prayer of the bill was for an injunction restraining the sale of properties of the complainant, or any part of them, from being- made by the special master, as set forth in his advertisement, on the 22d day of January, 1894, and for general relief.

Upon this bill, on a rule nisi, the injunction on the kearing was denied. Thereafter, on the 22d day of January, 1894, the special master proceeded to make the sale of all the property described in the decree and mentioned in his advertisement, except that of the said line of railroad formerly known as the Sheffield & Birmingham Bailroad, and at said sale said property was bid for and purchased by John 11. Hoble, trustee, he being the best and last bidder therefor, for the sum of $35,000. The said purchaser complied with the terms of sale, and thereupon the special master put the said purchaser in possession of the property sold. On the 1st day of February, 1894, the Alabama Iron & Bailway Company .filed an amended and supplemental bill to the bill of complaint filed in the cause on the 13th of January, 1894, therein reciting that the special master, Milton Humes, in accordance with his advertisement referred to in the original bill, exposed for sale, and sold, all of the property described in the decree, except the property of the Sheffield & Birmingham Bailroad Company, now known as the Birmingham & Tennessee Biver Bailroad Company; that, at said sale, John B. Knox, Esq., counsel for the Anniston Loan & Trust Company, bid in the whole of said property, which was sold in lump, and not in parcels, — including the property belonging to the [12]*12Alabama Iron & Railway Company, and also tbe property belonging to the Townley Coal & Coke Company, — for the 'sum of $35,000, and had the same knocked down to J. H. Noble, trustee for the Anniston Loan & Trust Company; that immediately after the sale, and without any report being filed by said special master, said special master executed and delivered to said Noble, as trustee, a deed for the whole of said property, and thereupon a writ of assistance was obtained, without any order of court therefor, and the marshal for the northern district of Alabama thereunder placed the said Noble, his attorneys or agents,, in possession of a part, if not the whole, of said property of the Alabama Iron & Railway Company, and in possession of a part, if not the whole, of the property of the Town ley Coal & Coke Company.

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Bluebook (online)
60 F. 9, 1894 U.S. App. LEXIS 2046, Counsel Stack Legal Research, https://law.counselstack.com/opinion/central-trust-co-v-sheffield-birmingham-coal-iron-ry-co-circtndal-1894.