Pullis v. Pullis Bros. Iron Co.

57 S.W. 1095, 157 Mo. 565, 1900 Mo. LEXIS 48
CourtSupreme Court of Missouri
DecidedJune 30, 1900
StatusPublished
Cited by25 cases

This text of 57 S.W. 1095 (Pullis v. Pullis Bros. Iron Co.) 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
Pullis v. Pullis Bros. Iron Co., 57 S.W. 1095, 157 Mo. 565, 1900 Mo. LEXIS 48 (Mo. 1900).

Opinion

MARSHALL, J.

TKis is an appeal under tbe Act of 1895 (Laws 1895, p. 91) from an order of tbe circuit court of the city of St. Louis refusing to revoke an interlocutory order appointing a receiver.

Tbe vital matters in .controversy can be more readily grasped by a chronological statement of tbe facts, pleadings ' and proceedings.

Prior to and on March 25,1896, tbe Pullis Brothers Iron Company was a Missouri corporation, engaged in the manufacture of iron for architectural purposes. It owned a single plant on the comer of Eighth and Hickory streets, composed of a main building located on and covering the-whole of lots numbered nine to nineteen, inclusive, in block number one of Park’s addition to the city of St. Louis, and having a front of two hundred and sixty-eight feet on Eighth street, by an. uniform, depth eastwardly of one hundred and twenty feet to an alley, and a smaller building attached to and connected therewith and forming a part thereof, which was used as a pattern shop, storage room and drafting room, and which was located upon and covered the whole of lots seven and four, and four feet off of the southern part of lot number eight in block number one of Park’s addition, and which had a front ,of twenty-four feet on the west side of Seventh street by a depth westwardly of one hundred and twenty feet to an alley. In other words, the main building fronted on the east side of Eighth street, while the smaller building fronted on the west side of Seventh street, and each had a depth to the alley that separated them.

On /the day aforesaid the officers of the company were, ‘Thomas R. Pullis (the husband of the- plaintiff, Oora B. Pullis), president; Christen A. Pullis (one of the defend[574]*574ants), secretary; Tlromas R. Pullis, Christen A. Pullis, Augustus Pullis, Jr., Win. 0. Mueller and Rudolph Rodke, directors; and these directors, together with Mrs. A. E. Pullis, constituted all of the stockholders of the company.

The company was heavily in debt. It owed the State Bank of St. Louis $23,700, and Mrs. Harriet Pullis was indorser therefor; it owed Mrs. Cora B. Pullis, the plaintiff, $6,073.33; it owed Mrs. O. A. 'Pullis, $9,667.19; it owed Mrs. Anne Hemphill (who was then dead), $4,000, and it owed other persons about $36,000, among whom was the Tennessee Coal, Iron and Railroad Company whose claim amounted to $713.32. On or about March 20, 1896, the last named company obtained two judgments against the defendant company, aggregating said sum, before a justice of the peace, and on the same day the judgment was rendered the defendant company took an appeal to the circuit court, but on the twenty-third of March, 1896, the plaintiff company filed transcripts of said two judgments of said justice of the peace, in the office of the clerk of the circuit court.

This was the status on March 25, 1896, when the directors of the defendant company had a meeting. All of the directors were present, and Mrs. A. E. Pullis, the only other stockholder of the company who was not a member of the board of directors, was represented at the meeting by William Sommerville, who had full power and authority to act for her. It was decided by the directors and stockholders at that meeting (as it had been previously decided at a meeting held on the twenty-first of March, 1896), to prefer the indebtedness to the State Bank of St. Louis, Mrs. Oora B. Pullis, Mrs. O. A. Pullis and Mrs. Hemphill, and accordingly a deed of trust was authorized by the directors and stockholders (Thomas R. Pullis alone dissenting, as to which- there is much doubt, however), to be made, and it was so properly made, conveying all the property before described, together [575]*575•with the machinery, etc., in the plant, to Christen A. Pullis, as trustee for said preferred creditors, and the deed of trust was duly recorded the same day, at 4:28 p. m., in the office of the recorder of deeds of the city of St. Louis. The deed ■of trust recites, in its body, “said corporation having no seal,” and it is conceded that the corporation had never adopted a seal, and it is executed in the name of the “Pullis Brothers Iron Company,” “by T. R. Pullis, President,” and the word “[Seal]” in brackets, appears opposite the name ■of the company and of the president. The deed of trust is acknowledged by Thomas R. Pullis who swore that it, “was signed and sealed in behalf of said corporation, by authority of its board of directors, and that said corporation has no corporate seal,” but in an affidavit, filed by him in the circuit court upon the hearing of this motion, he swore that the giving of such a deed of trust was never discussed at any meeting of the directors or stockholders, and that no resolution to give a preference or to malee an assignment was ever passed unanimously, “as he opposed- them all.” (If there was no meeting or discussion it is not clear how he opposed a resolution, and if there was a meeting it was not necessary to its validity that such a resolution should have been passed unanimously.) The trustee thereupon took immediate possession'of the property pursuant to the terms of the deed of trust.

On the same day, March 25,1896, and at the same meeting, the directors and stockholders authorized a general assignment for the benefit of its creditors to be made, and it was so made, and recorded at 4:31 p. m. (just three minutes after the deed of trust was recorded), which was executed by Thomas R. Pullis, in exactly the same manner as the deed of trust, and which recited that it was made subject to the deed of trust. Subsequently all of the creditors proved up [576]*576their claims before the assignee — the preferred creditors among the number.

On June 23, 1896, Thomas R. Pullis, who acted for his wife, the plaintiff Oora B. Pullis, requested the trustee to advertise the property for sale and he did so, fixing the date for the thirtieth of July, 1896, and at that sale Thomas R. Pullis became tlie purchaser thereof in bulk, for $28,000, but when, the deed was tendered to him therefor on the tenth of August and the purchase money demanded, he refused to accept the deed or to pay the money. The trustee then readvertised the property for sale under the deed of trust on September 5, 1896. Thereupon on August 17, 1896, the plaintiff herein, Cora B. Pullis, instituted a suit against Pullis Brothers Iron Company, Christen A. Pullis, trustee, State Bank of St. Louis, Harriett Pullis, Mrs. C. A. Pullis and Anne ITemphill, in which she asked that Christen A. Pullis be removed as trustee under the deed of trust for conspiring to defraud her of her interest under that deed, and alleged that there was gome doubt as to the power of the trustee to convey a good title, and asking that the advertised sale on September 5, 1896, be enjoined. Upon a hearing the circuit court refused to remove the trustee or enjoin the' sale, which then proceeded regularly, and at that-sale Mrs. Harriett Pullis, the indorser on the notes for $23,700 held by the State Bank of St. Louis, and who had been in the Tnp.ant.imp, compelled to take up said notes, and was thereby subrogated to the rights of the bank under the deed of trust, became the purchaser of the property for the sum of $20,000. The trustee sold the whole plant in bulk, and there was no request from any one that it be sold otherwise until after it had been offered as a whole and the bids made for it as a whole, and then such request was made by Thomas R. Pullis, himself a delinquent bidder by reason of his conduct at the [577]*577prior sale, and even be did not express a desire to bid on it separately.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Dallavalle v. Berry Grant Co.
462 S.W.2d 175 (Missouri Court of Appeals, 1970)
Pan American Realty Corp v. Muroff
456 S.W.2d 647 (Missouri Court of Appeals, 1970)
Hawkins v. Mall, Inc.
444 S.W.2d 369 (Supreme Court of Missouri, 1969)
Aubuchon v. Ayers
400 S.W.2d 472 (Missouri Court of Appeals, 1966)
United Cemeteries Co. v. Strother
119 S.W.2d 762 (Supreme Court of Missouri, 1938)
Laumeier v. Sun-Ray Products Company.
50 S.W.2d 640 (Supreme Court of Missouri, 1932)
State Ex Rel. Kopke v. Mulloy
43 S.W.2d 806 (Supreme Court of Missouri, 1931)
Silent Automatic Sales Corp. v. Stayton
45 F.2d 476 (Eighth Circuit, 1930)
State Ex Rel. Duraflor Products Co. v. Pearcy
29 S.W.2d 83 (Supreme Court of Missouri, 1930)
King v. Hayes
9 S.W.2d 538 (Missouri Court of Appeals, 1928)
Scott v. Rees
253 S.W. 998 (Supreme Court of Missouri, 1923)
State Ex Rel. Calhoun v. Reynolds
233 S.W. 483 (Supreme Court of Missouri, 1921)
Albers v. Acme Paving & Crusher Co.
194 S.W. 61 (Missouri Court of Appeals, 1917)
Martin v. Richmond Cotton Oil Co.
184 S.W. 127 (Missouri Court of Appeals, 1916)
Wilmott v. Koller
158 N.W. 257 (North Dakota Supreme Court, 1916)
State ex rel. Spellman v. Parke-Davis & Co.
177 S.W. 1070 (Missouri Court of Appeals, 1915)
Jones v. National Candy Co.
175 S.W. 225 (Missouri Court of Appeals, 1915)
Herrmann v. Brighton German Bank Co.
16 Ohio N.P. (n.s.) 47 (Ohio Superior Court, Cincinnati, 1914)
Leonard v. Security Building Co.
162 S.W. 685 (Missouri Court of Appeals, 1913)
Hamlin v. Walker
128 S.W. 945 (Supreme Court of Missouri, 1910)

Cite This Page — Counsel Stack

Bluebook (online)
57 S.W. 1095, 157 Mo. 565, 1900 Mo. LEXIS 48, Counsel Stack Legal Research, https://law.counselstack.com/opinion/pullis-v-pullis-bros-iron-co-mo-1900.