First National Bank v. Poston

97 So. 882, 140 Miss. 64, 1923 Miss. LEXIS 230
CourtMississippi Supreme Court
DecidedNovember 19, 1923
DocketNo. 23422.
StatusPublished

This text of 97 So. 882 (First National Bank v. Poston) is published on Counsel Stack Legal Research, covering Mississippi Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
First National Bank v. Poston, 97 So. 882, 140 Miss. 64, 1923 Miss. LEXIS 230 (Mich. 1923).

Opinion

Anderson, J.,

delivered the opinion of the court.

This is an appeal from the chancery court of Holmes county to settle the principles of the cause. Appellees, John H. Poston, a resident citizen of Memphis, Tenn., and Buckingham Dry Goods Company, a corporation under the laws of the state of Tennessee, filed their bill in the chancery court of Holmes county against E. E. Bolin, individually and as trustee, a resident citizen of Tennessee, William Schild, also a resident citizen of said state, and the First National.Bank of Canton, the Bank of Durant, and the People’s Bank of Durant, banking corporations under the laws of this state.

Appellees, the three banks named, answered separately, and made their answers cross-bills asking for affirmative relief ag’ainst complainants (appellees) in the original bill, and also against the defendants therein, said Poston and Schild. To these cross-bills appellees demurred, which demurrers the trial court sustained, and dismissed said cross-bills. Prom those decrees the court below granted'an appeal to settle the principles of the cause under section 35, Code of 1906 (Hemingway’s Code, par. 10), which appeal was duly perfected within the time prescribed by law.

*74 Two questions' are argued in the cases: First, appellants contend that they are entitled to an appeal to settle the principles of the cause, which contention is vigorously contested hy appellees. Second, appellants contend that their cross-bills state grounds for affirmative relief to which they will be entitled if sustained hy the proof, and that therefore the trial court should have retained said cross-bills and administered full relief, which contention appellees also vigorously contest.

The cause is here on the pleadings alone. William Schild and E. E. Bolin, codefendants with appellants in the original bill and cross-defendants in appellants’ cross-bills, are not contesting this appeal. Therefore they will be referred to by name instead of as appellees.

The essential facts out of which the questions to be decided arose are as follows: William Schild was largely indebted to the appellants as well as to appellees. He had also been indebted to Mrs. E. E. Wilkes. He had made her a deed absolute in form to his large landed property consisting of several tracts situated in this state, among which was Bentwood Place, consisting of about nine hundred acres. Schild later made said Bolin a deed of trust to all said property so deeded to Mrs. Wilkes, which he claimed he had a right to redeem from Mrs. Wilkes. By the terms of his deed he conveyed to said Bolin, as trustee, all said property with the power to employ attorneys to recover same from the said Mrs. Wilkes, and to advance and spend whatever money was necessary to that end, and to preserve the estate; and it provided that the proceeds of the property so to be recovered be devoted to the payment of the expenses incurred thereabouts; to the repayment of all moneys advanced necessary to carry out the trust; the payment of the indebtedness of appellee, Buckingham Dry Goods Company, and attorneys ’ fees incurred in recovering said property. And said debt, attorneys’ fees, expenses, and moneys advanced were made a charge by the terms of said deed -of trust upon said property which might be recovered.

*75 Appellants, as creditors of said William Schild, filed their separate bills in the chancery court of Holmes county against said Schild and Bolin, setting out the amount of their respective claims against said Schild, and his nonresidence, as well as that of said Bolin, and prayed for and had attachments in chancery as provided for in sections 536 to 541, inclusive, Code of 1906 (Hemingway’s Code, pars. 293 to 298, inclusive), which attachments were levied upon said Bentwood Place.

The defendants in those cases upon proper application had them removed into the Federal district court sitting at Jackson in the southern district of this state. The case of appellant, First National Bank of Canton was on its motion remanded to the chancery court of Holmes county upon the ground that the jurisdictional amount required by the Federal statute was not involved. Those three cases were still pending when this case was tried in the court below: that of appellant, First National Bank of Canton, in the chancery court of Holmes county; that of appellant’s Bank of Durant and People’s Bank of Durant in the Federal district court at Jackson in this state.

Appellees John H. Poston and Buckingham Dry Groods Company, some time after appellants had brought their said bills, filed their bill in the chancery court of Holmes county against said William Schild and E. E. Bolin, trustee, and appellants claiming to be creditors for large amounts secured by said deed of trust on the entire estate of said William Schild, including the Bentwood Place, alleging that their lien or charge upon said estate for the payment of their claims was superior to that of appellants by virtue of their said attachments in chancery.

Appellants answered said bill disclaiming any knowledge in their answers of the indebtedness claimed by appellees against said William Schild, and averring that if there was any indebtedness it had been fully paid off and discharged; that said deed of trust was entered into by the parties thereto to hinder, delay, and defraud the creditors of said William Schild, among whom were appellants; that said deed of trust was champertous, and *76 furthermore, that if any indebtedness was due from said William Schild to appellees secured by said deed of trust, such security was subordinate to the liens of appellants for the security of their indebtedness acquired by said attachments in chancery. To these cross-bills appellees demurred, which demurrers were sustained by the court, and said cross-bills dismissed, and appellants granted an appeal to settle the principles of the cause.

(1) Appellants argued that this appeal granted under section 35, Code of 1906 (Hemingway’s Code, par. 10), to settle the principles of the cause, was authorized by Railroad v. James, 108 Miss. 656, 67 So. 152; Norris v. Burnett, 108 Miss. 378, 66 So. 748. It was distinctly held in Norris v. Burnett, supra, that under the statute in question the chancellor is authorized to grant an appeal from a decree sustaining a demurrer to a bill. And it was held in Railroad v. James, supra, that a typical case for granting an appeal from an interlocutory decree to settle the principles of the cause is presented where the defendant claims, and the chancellor holds, that the court is without jurisdiction to grant the relief sought by the suit. Bierce v. Grant, 91 Miss. 791, 45 So. 876, relied on by appellees, in so far as it sustains a contrary view, was expressly overruled in Railroad v. James, supra. We are of the opinion that under the statute the granting of this appeal was within the discretion of the chancellor, and that such discretion was not abused in its granting.

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Related

Bierce v. Grant
45 So. 876 (Mississippi Supreme Court, 1907)
Norris v. Burnett
66 So. 748 (Mississippi Supreme Court, 1914)
Yazoo & Miss. V. R. R. v. James
67 So. 152 (Mississippi Supreme Court, 1914)

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Bluebook (online)
97 So. 882, 140 Miss. 64, 1923 Miss. LEXIS 230, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-national-bank-v-poston-miss-1923.