Farmers State Bank v. Rasmussen

254 Ill. App. 136, 1929 Ill. App. LEXIS 189
CourtAppellate Court of Illinois
DecidedApril 17, 1929
DocketGen. No. 8,305
StatusPublished

This text of 254 Ill. App. 136 (Farmers State Bank v. Rasmussen) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Farmers State Bank v. Rasmussen, 254 Ill. App. 136, 1929 Ill. App. LEXIS 189 (Ill. Ct. App. 1929).

Opinion

Mr. Justice Eldredge

delivered the opinion of the court.

The' Farmers State Bank of Stonington brought its action of replevin against R. Rasmussen and the Eaton State Bank of Owaneco, Illinois. The case was originally instituted in the circuit court of Macon county by filing an affidavit therein January 13,1927, executed by Mike M. Hines, cashier of the said Farmers State Bank, in which he deposes that said bank is the owner of and lawfully entitled to the possession of the following goods and chattels:

‘ ‘ One-half interest in about ninety-five (95) acres of corn in field and crib; one (1) Ford touring car, license number 783591, motor number 6527581; one (1) Chauncelor gasoline engine; one (1) Deering binder; one (1) Mower; three (3) discs; one (1) gang plow; one (1) garden plow; two (2) single row cultivators; one (1) two-row cultivator; one (1) clod crusher; one (l) Ford-son tractor; one (1) walking plow; one (1) hand corn sheller; five (5) cows; one (1) bull; seven (7) yearling calves; one (1) corn dump; one (1) hoisting machine; one (1) young calf; one (1) brown mare; one (1) brown horse; one (1) gray mare; one (1) brown mare; two (2) farm wagons; two (2) sets double work harness; all located on the southwest quarter (SW%) of Section sixteen (16), Township fourteen (14) north, range one (1), east of the Third Principal Meridian, in Macon county, Illinois.”

It is further averred that R. Rasmussen and the Eaton State Bank wrongfully took and now detain said goods and chattels. On the same day a writ of replevin was issued by the circuit clerk of Macon county and delivered to the sheriff of that county to serve. The sheriff of Macon county served the writ by taking possession of the chattel property mentioned on January 14, 1927, as shown by his return thereon. No further steps were taken thereafter in the case in the circuit court of Macon county. On January 18, 1927, the Farmers State Bank, the Eaton State Bank and R. Rasmussen entered into the following stipulation:

“Whereas, the Plaintiff in the above entitled cause, has caused a writ of replevin to issue out of the Circuit Court of Macon County, Illinois, directed to the sheriff of that county, to replevin certain articles of personal property, as set forth in the return of the sheriff upon said writ of Replevin: and
“Whereas, the Eaton State Bank, a corporation, claims to be the owner of all of said property, the said defendant B. Rasmussen, having only an equitable interest in said personal property: and
“Whereas, the said Eaton State Bank had advertised a sale of all of said property, together with other property located' on the Eaton Farm in Macon County, Illinois, described as ,‘The Southwest Quarter (%) of Section Sixteen (16), Township Fourteen (14) North, Range One (1) East of the Third Principal Meridian,’ to be held on Wednesday, January 19th, 1927, and the parties in interest are desirous of saving all costs and expenses possible without waiving any of the rights of the parties thereto; and
“Whereas, it is deemed for the best interest of all concerned that said sale proceed as advertised, and that all parties purchasing at said sale receive unquestioned title to said articles of personal property.
“Wherefore, In consideration of the mutual benefits to accrue to the parties, it is stipulated and agreed that the above entitled cause be transferred to the Circuit Court of Christian County, Illinois, at the March Term thereof, the parties defendant waiving service of process, and entering their appearance; and that the party plaintiff, by reason of this stipulation, shall not' be deemed to have waived any rights which it has, or claims to have, by reason of the release of said property, for said sale, and may set up such facts in its Declaration, Replication, or subsequent pleading as it could or might, if said cause of action should have proceeded without any sale having been had pursuant to this Agreement.

The parties defendant shall not be taken to have waived any rights, which they, or either of them, jointly or severally, may have had, or claimed to have had, to said property, but may set up in pleas and rejoinders or other pleadings, any defense which they might offer to said cause, as fully, and with like effect as though said cause had proceeded without a sale of the personal' property.

“IT IS FURTHER STIPULATED AND AGREED, that Said Sale shall proceed without interference, and with an assurance that the purchaser shall receive good title to said personal property; that the clerk of said sale shall keep in duplicate, a correct and true account of all the articles of merchandise sold at said sale, including all the personal property described in the return of the sheriff of Macon County, Illinois, to the Writ of Replevin. &nd the proceeds arising from such sale of said personal property described in said return shall be held by Charles Law, as custodian, until the final determination of said'case, and paid over pursuant to the final judgment in said cause, to the parties entitled thereto by the final judgment in the case.
“It is further stipulated and agreed that the parties defendant shall have the remaining approximately fifteen acres of corn in the field shucked, and the bnehalf part thereof shelled, delivered and sold by the said Charles Law; and, after deducting the expense of shucking, selling and delivering, place the net proceeds from the sale of said corn with the funds arising from the sale of the chattel property at said sale, on the 19th day of January, 1927.
“It is further stipulated and agreed that the sale has been advertised by the Baton State Bank, and that said sale is to be held under the name of the said Baton State Bank, as owner. But, such sale, under the name of such owner, shall be without prejudice to any of the rights of either of the parties to said cause, and the proceeds from said sale and from said corn are subject to the rights of all the parties hereto, as finally determined by the court.
“It IS FURTHER STIPULATED AND AGREED that either of the parties hereto shall have the right to appeal from the judgment of the Circuit Court, and that the words “Final Judgment,” as used herein, means the judgment which becomes final by reason of no further prosecution of appeal, or by Certiorari, to the Supreme Court, and that neither party to this cause waives any rights by reason of entering into this stipulation. The purpose of the stipulation being to save and protect the rights of 'all parties, pending a final adjudication of the matters in controversy, and to save costs and expenses which would follow an interference or stoppage of the sale, as advertised.
“It is further stipulated and agreed, that if notes are taken at said sale, the said notes, and the proceeds arising therefrom, shall be held by the said Charles Law, the same as cash proceeds. The said Charles Law being authorized to enforce the collection of any notes taken in lieu of cash.
“In witness whereof, this stipulation has been executed in triplicate by the parties hereto, by their respective attorneys, this 18th day of January, 1927.”

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Bluebook (online)
254 Ill. App. 136, 1929 Ill. App. LEXIS 189, Counsel Stack Legal Research, https://law.counselstack.com/opinion/farmers-state-bank-v-rasmussen-illappct-1929.