First National Bank & Trust Co. v. Bowman

15 S.W.2d 842, 322 Mo. 654, 1929 Mo. LEXIS 666
CourtSupreme Court of Missouri
DecidedMarch 29, 1929
StatusPublished
Cited by12 cases

This text of 15 S.W.2d 842 (First National Bank & Trust Co. v. Bowman) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
First National Bank & Trust Co. v. Bowman, 15 S.W.2d 842, 322 Mo. 654, 1929 Mo. LEXIS 666 (Mo. 1929).

Opinions

Plaintiff commenced this action in the Circuit Court of Gentry County on August 7, 1925. The action is a statutory one, seeking to quiet, ascertain and determine the title to lots 15 and 16, in block 11, of Kate Carter's First Addition to the city of King City, Missouri. The petition is conventional, alleging that the plaintiff bank is the owner in fee simple of the above-described real property and that the defendants claim and assert some title, estate or interest therein, the nature and characer of which claim of interest is unknown to plaintiff, and praying the court to ascertain and determine the estate, title and interests of the respective parties in and to the described real property. The answer of the defendants, which is in the nature of a cross-bill, and the reply of plaintiff thereto, are lengthy, and no purpose is to be served in stating the substance of those pleadings. Suffice it to say that the answer of the defendants sets up the claim of interest of the defendants in the real property described, and avers that the Circuit Court of Gentry County was without jurisdiction of the subject-matter of a certain suit or action in partition, which suit or action will be presently mentioned and discussed in the course of our opinion, resulting in a judgment in partition, and an order of sale, whereby the described real property was sold to the plaintiff bank as the highest and best bidder at partition sale, and which sale was confirmed by the Circuit Court of Gentry County, it being averred in the answer of defendants that the Circuit Court of Gentry County was induced to exercise jurisdiction of said partition suit by the false and fraudulent representations of the plaintiff bank, and that the final judgment and subsequent proceedings therein, including the sale of the described real property to the plaintiff bank, were occasioned by fraud committed upon the Circuit Court of Gentry County by the plaintiff herein; wherefore, *Page 658 the defendants pray that the judgment in said partition suit or action, and the deed in partition thereunder, be set aside and for naught held. The reply joined issue upon the averments of the answer, and pleads the judgment of the Circuit Court of Gentry County in the said partition suit as res adjudicata of all matters and things therein adjudged, and that the defendants are thereby estopped to dispute or controvert said judgment in the instant action.

The substantive facts are not controverted and may be briefly stated. The common source of title of the land in controversy was Maggie A. Bowman, the deceased mother of the principal defendant herein, Louis N. Bowman. Maggie A. Bowman died intestate in the month of September, 1917, owning and seized of the described land. She was survived by her husband, William L. Bowman, and by one child and descendant, the principal defendant herein, Louis N. Bowman, who was a minor of eighteen years at his mother's death. It is admitted by the parties herein that the estate of Maggie A. Bowman was duly administered by her surviving husband, William L. Bowman, as the administrator of her estate, in the Probate Court of Gentry County, in which county decedent resided at the time of her death.

On February 11, 1919, and during the minority of the principal defendant, Louis N. Bowman, the surviving widower of the decedent, William L. Bowman, executed and delivered to the First National Bank of King City (which, at that time, was the corporate name of the plaintiff bank) a deed of trust, purporting to convey to Robert Stanton, trustee for said bank, an undivided one-half interest in the land in controversy to secure the payment of William L. Bowman's promissory note of even date therewith for $1900, payable to the order of said First National Bank of King City on June 18, 1920, with interest on the principal sum from date at seven per cent per annum, payable annually. The deed of trust aforesaid contained the usual provisions, and empowered the trustee named therein to sell the described land, in the event of default in the payment of the principal and interest of said note when due and payable, at public vendue, for cash, to the highest bidder at the court house door in the city of Albany, Gentry County, Missouri, upon the giving of thirty days notice of the time, terms and place of sale, and of the property to be sold, by advertisement in some newspaper printed and published in Gentry County. Pursuant to the powers conferred by said deed of trust, the trustee named therein proceeded to sell the undivided one-half interest in and to the described lands, purported to have been conveyed by said deed of trust, on April 8, 1922, after the maturity of said note and default in the payment thereof, and the plaintiff bank being the highest and best bidder therefor at and *Page 659 for the sum of $1825, the trustee executed and delivered to the plaintiff bank a trustee's deed, dated April 8, 1922, purporting to convey to the plaintiff bank an undivided one-half interest in and to the above-described land. It appears from the record herein, however, that the notice, or advertisement, of the trustee's sale was published for a period of only twenty-nine days, instead of thirty days, as required by the terms of the said deed of trust, which deficiency in the publication of the advertisement, however, seemingly was not discovered until shortly prior to the commencement of the present action, when the plaintiff bank sought to make a sale of the land in controversy and its title to said land was questioned by the prospective purchaser.

On July 6, 1920, the defendants herein, Louis N. Bowman (said Louis N. Bowman being then more than twenty-one years of age) and Elizabeth Bowman, his wife, executed and delivered a deed of trust, conveying to George Ward, trustee for Hiram Danbury, an undivided one-half interest in and to the land in controversy to secure the payment of their promissory note of even date for $2500, payable to the order of Hiram Danbury (who is the father-in-law of defendant, Louis N. Bowman) on or before one year after date, with interest at the rate of seven per cent per annum from the date of said note.

On April 4, 1921, William L. Bowman and his wife, Lydia C. Bowman (said William L. Bowman having remarried), conveyed, by warranty deed, an undivided one-half interest in and to the lands in controversy to George Ward and William Millan, the said deed reciting that it is made subject to the deed of trust and the promissory note secured thereby, dated February 11, 1919, held by the said First National Bank of King City, which deed of trust, and the note secured thereby, the grantees, George Ward and William Millan, assume and agree to pay and discharge.

On August 9, 1923, the First National Bank Trust Company of King City (plaintiff herein) commenced a suit or action for partition of the land in controversy, making Louis N. Bowman, Hiram Danbury and George Ward parties defendant therein. All of the said defendants in the partition action were duly served with summons therein. The petition in said partition action is cast in two counts. The first count of said petition is conventional in form, alleging that the plaintiff bank and the defendant Louis N. Bowman are tenants in common of the described land (being the same land now in controversy), and that the share or interest of the plaintiff bank therein is an undivided one-half thereof, and that the share or interest of the defendant Louis N. Bowman therein is an undivided one-half thereof, subject to the deed of trust, dated July 6, 1920, *Page 660 executed and delivered by said Louis N.

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Bluebook (online)
15 S.W.2d 842, 322 Mo. 654, 1929 Mo. LEXIS 666, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-national-bank-trust-co-v-bowman-mo-1929.