Ferris v. Udell

38 N.E. 180, 139 Ind. 579, 1894 Ind. LEXIS 346
Indiana Supreme Court·Decided September 27, 1894·No. No. 16,728·Published·Cited by 17 cases

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] porate 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] items 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.”

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

38 N.E. 180 (Ferris v. Udell) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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