Green River Chemical Co. v. Iler

131 S.W. 174, 140 Ky. 359, 1910 Ky. LEXIS 266
CourtCourt of Appeals of Kentucky
DecidedOctober 20, 1910
StatusPublished

This text of 131 S.W. 174 (Green River Chemical Co. v. Iler) is published on Counsel Stack Legal Research, covering Court of Appeals of Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Green River Chemical Co. v. Iler, 131 S.W. 174, 140 Ky. 359, 1910 Ky. LEXIS 266 (Ky. Ct. App. 1910).

Opinion

Opinion op the Court by

Judge Nunn.

The parties appellant herein are and were prior to 1902, residents of Boonville, Indiana. During the year named they organized a partnership, secured six acres of land near the town of Rockport, Ky., graded it and made excavations for the construction of buildings to do a manufacturing business. They constructed a plant on this ground for the purpose of manufacturing wood alcohol, acetate of lime, charcoal, creosote, &c. The installation of the plant cost twenty or twenty-five thousand dollars. It consisted of a three room- office building, a still-dry house forty by.fifty feet, three stories high, one acetate store room twenty by forty feet, one dry house twenty by thirty feet, one charcoal'room twenty-four by seventy feet, one room for raw lime, a pump house with a well beneath it twenty-four feet deep within which two pumps were located, one large boiler room in which was located a boiler incased in masonry, retorts, twelve in number, holding a cord of wood each, were ‘also incased in masonry, and connected with these retorts were eight large copper stills, twelve copper condensers, tén wooden tanks, two large iron stills, and all other apparatus necessary to conduct a plant for the purposes named. They continued [361]*361this plant in operation until May, 1907, under the name of “Green River Chemical Co.” Upon the last-named date, they sold the plant to Geo. H. Bohannon for the price of $8,500 and executed to him a deed of conveyance which recited that the sum of $620 was cash in hand paid, and that the unpaid purchase money was evidenced by two promissory notes executed by Bohannon to the firm, one for $1,000 due in ninety days, and the other for $6,880 due in fifteen months from date. The deed, by agreement-of parties, was deposited in the Boonville National Bank to be delivered to Bohannon when he paid the purchase price. At the time the deed was executed, there was a separate written agreement entered into between the parties, which, after reciting the sale and execution of the conveyance and the placing of the deed in escrow, continues as follows:

“It is also understood and agreed by and between the parties hereto, that the party of the second part, may at his option, pay the full amount of the purchase price at any time he sees fit, before the maturity of said note, and at which time the deed today made and acknowledged, shall be delivered to him by the Boonville National Bank.

“It is also understood and agreed, by and between the parties hereto, that in anticipation of the agreement hereby made, and in consideration of the money paid by the second party to the parties of the first part, the possession of the real estate of the parties of the first part located at Rockport, Ky., and the appurtenances thereunto belonging, is this day transferred to the party of the second part, and he is to have and assume full control and chare-e of said plant, as his own, but the title thereto, it is understood and agreed'shall not pass from the parties of the first part to the second part until the deed this day made and acknowledged is delivered to him, as above specified and set out.

“And it is agreed and understood by and between the parties hereto, that the operation of the plant at Rock-port, Kentucky, is to be carried on and performed by the party of the second part on his own responsibility from the time he takes possession of the same, and at any time the party of the second part fails to keep his part of the contract and pay the sums of money above specified, the parties of the first part shall have the right to annul the contract and regain possession of the property.

“It is also agreed and understood by and between the [362]*362parties hereto, that in consideration of the premises, the party of the second part agrees in the near future to put a new dry floor in the plant at Rockport, Kentucky, and that he will put a new roof on the boiler room of said plant, and that he will at all times keep said property in as g'ood repair as when the same came into 'his possession.”

Bohannon took possession of the property and operated it as his own until the month of August, 1907, when, without the knowledge of appellants, lie made a trade with appellee W. P. Iler by which Iler became the owner of one-half of the plant, raw material and the finished product. They invoiced the raw material and the finished product and Iler paid Bohannon one-half of the amount of the invoice, something over $1,100, and he agreed with Bohannon to assume one-half of the obligation to appellants. This all occurred without appellants having any knowledge thereof. It was kept secret from them at the request of Iler. A short time after this trade between Iler and Bohannon, at Iler’s instance, a new contract was drafted to be executed by appellants by which they were to grant some concessions and give a longer time in which the purchase money should be paid. The new contract was sent to appellants, but they refused to sign it. Soon after this Iler declined to continue in the business. This fact was not known to appellants until this litigation arose. "While Bohannon was the owner of the property, by some means it was listed with the assessor as personal property. Bohannon, who had previously resided in Indiana, stated, without contradiction,' that he knew nothing about assessing property in Kentucky; that he showed the assessor the property and left it to him to list it as the law required. Bohannon failed to pay the taxes, and the sheriff levied upon the property and advertised it for sale. Appellants received a telephone message a few days before the sale, and immediately mailed the sheriff of the county a check for $43.10, the amount of the taxes, but it appears that the check did not arrive until-the morning after the sale. Appellee W. P. Iler bought the property at the sale for the amount of the taxes, and it appears that all the property except the lot and two or three of the houses were sold to pay same. Immediately after the sale appellants tendered to Iler and the sheriff, $50.70 which included the cost of the sale, the interest and penalties fixed by the statutes. They refused to accept it and release the [363]*363property. This action was then brought by appellants i c compel Iler to accept the money and release the property. Iler answered claiming the property as his own by reason of his purchase at the sheriff’s sale, and refused to accept the tax with the penalties added. The case continued upon the docket and the parties proceeded to prepare it upon these issues, and appellee then filed an amended answer and counterclaim to the effect that on account of the fraud of appellants in concealing the sale of the property to Bohannon he was induced to and did enter into an agreement with Bohannon whereby he was to and did put $1,127.50 into the concern, most of which was used in improving the plant. This was denied by appellants and upon a trial the lower court set the tax sale aside and gave Iler, on his counterclaim, $595, which the court recited was “for money furnished to it through its agent, G-eo. IT. Bohannon, being the amount of money defendant Iler paid to Bohannon which went into the improvement of defendant’s property.” Appellants appeal from that part of the judgment allowing Iler the $595 and appellee from the part setting aside the tax sale.

It is agreed by all the parties that the requirements of the statutes with reference to the sale of real estate for taxes, were not complied with.

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Bluebook (online)
131 S.W. 174, 140 Ky. 359, 1910 Ky. LEXIS 266, Counsel Stack Legal Research, https://law.counselstack.com/opinion/green-river-chemical-co-v-iler-kyctapp-1910.