Plummer v. International Power Co.

88 A.D. 452, 85 N.Y.S. 107
Appellate Division of the Supreme Court of the State of New York·Decided July 1, 1903·Published·Cited by 5 cases

Opinion

Patterson, J.:

This is an appeal by the plaintiff from an order allowing the sheriff of the county of New York poundage upon property released from an attachment (the property so released being only a part of that upon which the attachment was levied), and also requiring the plaintiff to pay to the sheriff the amount so allowed. The action is still pending, and the attachment is still in force, and the levy subsists upon a very large amount of personal property. The order was made upon the sheriff’s application and under the following [454]*454circumstances: The' plaintiff obtained a warrant of attachment against the International Power Company upon a claim for $1,000,000. Thereafter the defendant power company made an ■ application to the court to increase the amount of the undertaking given on the attachment. Thereupon the plaintiff stipulated that an order might be entered by the court vacating the attachment as to all cash and moneys in bank and all other property of the defendant International Power Company, including its right and interest in the American Locomotive Company, except only as to 8,000 shares of the- preferred stock of the locomotive company, which appeared upon the books of that company to be the property, free and clear of incumbrances, of the International Power Company. The order further provides that, pending the attachment, the defendant International Power Company may receive any and all dividends whatsoever that may be declared upon 8,000 shares of the preferred stock, and exercise voting rights thereon, and also be at full liberty, at any time, to sell any and all of the said 8,000 shares of preferred stock of the locomotive company retained under the attachment, at whatever may be the prevailing market price, paying, in that event, into the hands of the sheriff the net sale price thereof, so that the said shares may thereupon be fully released from the lien of the attachment and the proceeds of the sale thereof substituted in place thereof. The 8,000 shares of stock retained under the attachment are worth about $744,000. An order was entered fixing the amount of the plaintiff’s undertaking at $25,000 and directing the release of all the property attached, except the 8,000 shares. The value of the property released appears to have been fixed at $122,592. After the order for the partial release or discharge of the attachment was made, the sheriff made this application for poundage upon the value of the property released, and that motion was granted, it being stated in the order that the poundage was allowed “ because of the absolute command of Laws of 1892, chapter 418, and not in the exercise of any discretion.”

The right of the sheriff of the county of New York to poundage is governed by a special statute relating only to that county. It was passed in 1890 (Laws of 1890, chap. 523). It was amendéd by the Laws of 1892 (Chap. 418); The act of 1892,

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Plummer v. International Power Co., 88 A.D. 452, 85 N.Y.S. 107 (N.Y. Ct. App. 1903).

88 A.D. 452 (Plummer v. International Power Co.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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