Ferris v. Udell

38 N.E. 180, 139 Ind. 579, 1894 Ind. LEXIS 346
CourtIndiana Supreme Court
DecidedSeptember 27, 1894
DocketNo. 16,728
StatusPublished
Cited by17 cases

This text of 38 N.E. 180 (Ferris v. Udell) is published on Counsel Stack Legal Research, covering Indiana Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ferris v. Udell, 38 N.E. 180, 139 Ind. 579, 1894 Ind. LEXIS 346 (Ind. 1894).

Opinion

McCabe, J.

Suit by the appellant against the appellees Eugene Udell, Fannie Udell and Jennie M. Tompkins, to recover the possession and quiet appellant’s title to lots 15, 16, 17 and 18, in block 19, in North Indianapolis, Marion county, Indiana.

The complaint was in a single paragraph, and the issue was formed thereon by separate answers of a general denial by each of the appellees.

A trial resulted in a special finding by the court, on which it stated its conclusion of law, to which appellant excepted, after which the court rendered judgment in accordance with the conclusion of law, for the appellees. The conclusion of law is assigned for error.

The substance of the special finding is, that on-the 3d day of December, 1866, the Indianapolis Wagon and Agricultural Works was a manufacturing corporation duly organized under the laws of Indiana, located and doing business in Marion county, Indiana, with a capital stock of $100,000, in shares of $50 each, whose cor[582]*582porate existence was fixed at fifty years; that on October 9, 1873, Thomas F. Ryan and others, then in possession of the premises, conveyed to said Indianapolis Wagon and Agricultural Works, by warranty deed, a large number of lots, among which were those already described, and the deed was recorded May 7,1874, in the recorder’s office of said county.

On October 19, 1876, Robert Browning and George W. Sloan recovered judgment in the superior court of said county against said wagon and agricultural works, for $479.61 and costs, without relief, etc.; that on November 16, 1876, said company being in embarrassed and failing circumstances, made an assignment for the benefit of all its creditors, and, by deed, conveyed all its property, including the lots in question, to Eli F. Ritter, in trust for the benefit of such creditors, which deed of assignment was duly recorded in the office of the recorder of said-county, November 24, 1876.

On the 1st day of December, 1876, said Ritter filed a copy of said assignment in the office of the clerk of the Marion Circuit Court, together with his oath for the faithful discharge of his duties, and that the property assigned had been actually delivered into his possession, and that the probable value thereof was $7,000.

He filed his bond, took possession of the property, both real and personal, and gave notice of his appointment, and on January 16, 1877, he filed in said clerk’s office an inventory and appraisement of all said property. He continued to execute the trust until the 19th day of April, 1877, when he made a report that said wagon and agricultural works had, on March 30, 1877, filed in the district court of the United States for'the district of Indiana a voluntary petition in bankruptcy, and was thereupon duly adjudged, on the 6th day of April, 1877, a bankrupt by said court, and further reporting in detail [583]*583items of collections and expenditures, showing a balance in his hands of cash of $393.05, which at his request the court allowed him to retain for his services, and he asked the court to allow him to turn over to the assignee in bankruptcy of said company all other assets then remaining in his hands, and that he be discharged from any further trust or liability, which request the court granted, and "adjudged the trust closed.”

The special finding further shows that the facts thus reported a£ to the proceedings in bankruptcy were true. Said trustee, Ritter, in compliance with said order, immediately turned over and transferred unto Henry O. Adams, assignee in bankruptcy of said wagon and agricultural works all the property-rights, credits and effects of said bankrupt corporation, but made no deed or conveyance of the lots in controversy here or any of the assigned real estate to said assignee in bankruptcy. Said Ritter from that time ceased to act as such trustee. The schedule filed in said bankrupt procedings included, among other real estate, the lots mentioned and described above; that on April 21, 1877, John W. Ray, register in bankruptcy, did convey and assign to said Henry 0.. Adams, assignee, all the estate, real and personal, of the said Indianapolis Wagon and Agricultural Works, including all the property, of whatever kind, of which said bankrupt was possessed, or in which it was interested on the 30th day of March, 1877, excepting such property as is exempt from the operation of the assignment by the provisions of the 14th section of the bankrupt act; that on the 18th day of June, 1878, said Browning & Sloan made proof of their said judgment debt against said bankrupt before the proper register in bankruptcy, and said register admitted and allowed said debt, and he admitted and allowed said Browning & Sloan, as creditors therefor, the sum of $516. 27, being the principal and [584]*584interest of said judgment; that on a petition filed by the •assignee in bankruptcy on April 12, 1879, in said district court, asking an order to sell certain real estate, including the lots in suit, which petition stated that said real estate was incumbered by judgment and taxes, and asking to sell subject to incumbrances, the court made an order of sale in accordance with the prayer of the petition. On the 22d of May, 1879, said assignee reported to said court the sale of the lots in controversy, among others, after advertisement, subject to all incumbrances, to Henry G. Planneman for $2, which sale was approved and confirmed by the court, and said assignee was ordered to make said purchaser a deed conveying to said pui’chaser said bankrupt’s interest in said lots. Said Henry C. Adams, as assignee as aforesaid, executed, acknowledged, and delivered unto one Charles B. Hitchcock a deed of conveyance of said lots so reported as sold to said Henry G. Hanneman; which deed bears date the 21st day of May, 1879, and was recorded in the recorder’s office of Marion county, Indiana, on the 18th day of July, 1882. The consideration recited in said deed was $2. The interest conveyed, as expressed in the deed, was "all the right, title and interest of said bankrupt” in the lots, describing them; that on August 12, 1882, Charles B. Hitchcock and'wife mortgaged to William H. English all the lots here involved and other real estate to secure a loan of $800, interest and attorney’s fees, and the mortgage was recorded in the said recorder’s office, August 17, 1882; that on December 26, 1885, by order of the judgment plaintiffs, an execution was issued on the judgment in favor of Browning & Sloan against said Indianapolis Wagon and Agricultural Works, which execution was received by the sheriff of said Marion county December 26, 1885, and on that day levied on the lots in question. After legal notice said sheriff did, on [585]*585January 23, 1886, at the door of the court house in said county, between the hours prescribed by law, legally offer said lots for sale, and said Browning and Sloan bid therefor the sum of $300, and, no person bidding more, the same was openly struck off and sold to them, and said purchasers paid the costs and receipted the balance of their bid on the execution as so much paid thereon, and said sheriff executed to said purchasers a certificate of sale of said real estate, and filed a duplicate thereof in the clerk’s office in said Marion county. A duplicate of said certificate was recorded in the Us pendens record in said clerk’s office January 23, 1886; that on the same day said Robert Browning and George W. Sloan, by indorsement in writing, duly acknowledged upon said certificate, reciting the same, for a valuable consideration, assigned to Edwin P.

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Bluebook (online)
38 N.E. 180, 139 Ind. 579, 1894 Ind. LEXIS 346, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ferris-v-udell-ind-1894.