Hendryx v. W. L. Moody Cotton Co.

257 S.W. 305
CourtCourt of Appeals of Texas
DecidedNovember 12, 1923
DocketNo. 8396.
StatusPublished
Cited by7 cases

This text of 257 S.W. 305 (Hendryx v. W. L. Moody Cotton Co.) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hendryx v. W. L. Moody Cotton Co., 257 S.W. 305 (Tex. Ct. App. 1923).

Opinion

LANE, J.

This suit was brought by ap-pellee W. L. Moody Cotton Company, a corporation doing business as a cotton factor and commission merchant in Galveston, Tex., against appellant J. M. Hendryx of Snyder, Tex., to recover the sum of $3,830.96, and for such interest as might accrue thereon to date of judgment, and for a foreclosure of its lien on 42 bales of cotton of defendant’s then in its possession.

The plaintiff alleged that it had advanced to the defendant the principal of the sum named above on certain bales of cotton shipped to it as a cotton factor by defendant from Snyder, Tex.; that plaintiff held a lien upon 42 bales of said cotton, which were unsold and still in its possession, for the payment of said advances. After having made the allegations stated, the plaintiff concluded its petition as follows:

“Wherefore, premises considered, this plaintiff prays that plaintiff have judgment against the defendant for all of its said debt, claim and demand, as hereinbefore set out, together with' all accrued interest thereon up to the date of final decree herein, with interest at the rate of 8 per cent, per annum from the date of the filing of this suit, interest having heretofore been computed as in this amended petition hereinbefore set out and indicated up* to the date of the filing of this suit, together with all costs herein accrued and that may hereafter accrue, including the costs of foreclosure and sale of said cotton; that plaintiff’s said lien upon all of said cotton, and all liens held by plaintiff against said cotton as hereinbefore set out, be in all things foreclosed; and that from the proceeds of said cotton, when sold, before applying the gross proceeds thereof as credits upon p/laintiff’s said indebtedness, claim and demand, that all current and customary charges now accrued against said cotton, or that may hereafter accrue thereon, be deducted before applying the proceeds of said cotton upon the amount of such judgment as may be rendered herein for plaintiff. Said current charges now accrued up to the date of the filing of this amended petition embrace cash advanced for freight $144.13; interest on cash advanced for freight, $23.04; storage and insurance and commissions on said cotton, first month, $84; storage and insurance accrued since first month, $517.50 — or a total now of $768.67. And that all further customary, lawful and current charges that may hereafter accrue thereon be added to the said $768.67, so that the net proceeds of said cotton only, after deducting said current customary charges, shall be applied as a credit on the indebtedness of the said defendant to this plaintiff, as hereinbefore indicated. And that after deducting such current charges, as aforesaid, which are' usual, customary, lawful and proper, that the net proceeds of said cotton, when sold, be forthwith thereupon paid over to this plaintiff, to be applied as a credit upon said indebtedness; and that so much of said indebtedness that shall not be covered by the net proceeds of said cotton, this plaintiff have its execution also for all costs, as aforesaid.
“Plaintiff ‘ prays for all such other and further relief, both general and special,- to which in law and equity it may show itself entitled.”

As a defense to the cause of action alleged by the plaintiff, the defendant filed a general denial.

Defendant also filed an answer setting up a cross-action against the plaintiff, but as no issue with reference thereto is presented by this appeal, no further mention thereof will be made herein.

The cause was submitted to the court without a jury, and judgment was rendered in which it is recited:

“The court finding that the defendant, J. M. Hendryx, was on the said 20th day of May, A. D. 1922, justly indebted to .the plaintiff, W. L. Moody Cotton Company (Incorporated) of Galveston, Tex., on account of moneys advanced by the plaintiff to the said defendant against 42 bales of cotton, in the- aggregate, shipped and consigned to the plaintiff, at Galveston, Tex., during or about the month of March, A. D. 1920, and being the same cotton involved in this suit, in, principal and interest, upon said advanced and the several drafts drawn by the defendant on, and paid by plaintiff against, said 42 bales of cotton, the sum of $4,177.40, and that the plaintiff has, and holds, and is entitled to, a statutory factor’s lien, and a legal and equitable lien upon all of said 42 bales of cotton, for the security of said indebtedness; it is accordingly considered, ordered, adjudged and decreed by the court that the said plaintiff, W. L. Moody Cotton Company (Incorporated) of Galveston, Tex., have and recover of and from the said defendant, J. M. Hendryx, the said sum of $4,177.40, together with interest thereon at the rate of 6 per cent, per annum, from and after the 20th day of May, A. D. 1922, together with all costs in this behalf expended, including the sum of $50 allowed by the court to W. H. Schneider and E. P. Lordan, expert cotton elassers, who under the order of this court reclassified all of said cotton.
“It is further ordered, adjudged and decreed by the court that the said liens, in favor of said plaintiff, are hereby in all things foreclosed, upon all of said cotton, that is to say, all of said 42 bales of cotton, being all of the cotton involved in this suit, for which said plaintiff may have its order of sale. It is further ordered, adjudged and decreed by the court that all of said cotton shall be sold by the *307 sheriff, or any other constable of Galveston county, Tex., having for enforcement said order of sale, making said sale as under execution. That out of the proceeds of the sale of said cotton, the officer executing said order of sale will deduct and pay to himself: First, all legal fees, expenses and commissions, for the execution of said writ; second, all costs of court herein; third, all usual and customary and current charges now accrued upon said cotton, including all cash advanced for freight thereon by the plaintiff, with interest that (at) the rate of 6 per cent, per annum from the date of the payment of said freight, $2 per bale per month for the first month that said cotton, has been held by the plaintiff, to cover commission, sampling, classifying, weighing, insurance and storage, on said cotton, which the court finds is the contract and agreed charges for the first month for handling all of said cotton, and 50 cents per bale per month thereafter for insurance and storage on said cotton, plus any lawfully accrued and current and ordinary charges on said cotton, for conditioning, or reconditioning, if any, all of which moneys, covering said current charges for freights, interest on freights, weighing, sampling,, classifying, storage, insurance and conditioning, or reconditioning, if any, in fact all current, customary and lawful charges accrued, against said cotton the officer executing said writ will pay over to the plaintiff, or its order, and will also pay to the plaintiff the net proceeds thereafter remaining from the sale of said cotton; which net proceeds shall be applied as a credit on this judgment.
“It is further considered, ordered, adjudged and decreed by the court that for any and all such sums due upon this judgment after applying as a credit thereon the net proceeds of the sale of said cotton, and which sum shall not have been realized net by said sale, the 'plaintiff may have its execution against said defendant, J. M. Hendryx.”

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Bluebook (online)
257 S.W. 305, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hendryx-v-w-l-moody-cotton-co-texapp-1923.