Robertson v. Shepherd

65 S.W. 573, 165 Mo. 360, 1901 Mo. LEXIS 277
CourtSupreme Court of Missouri
DecidedNovember 26, 1901
StatusPublished
Cited by4 cases

This text of 65 S.W. 573 (Robertson v. Shepherd) 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
Robertson v. Shepherd, 65 S.W. 573, 165 Mo. 360, 1901 Mo. LEXIS 277 (Mo. 1901).

Opinion

BURGESS, J.

The petition alleges that on the fifth day of June 1891, the plaintiff, together with his wife, executed a promissory note in the sum of $2,000, together with ten interest coupons for $70 each, all of which coupons have been paid, which note was made payable to Samuel B. Smith, and to secure the payment of it, the plaintiff and his wife executed to D. E. Stoner, trustee for Smith, a deed of trust on property in Kansas City, Missouri, described as lot 6 and the south eleven feet of lot 5, block 4, East Side Place; that the deed of trust was recorded at Kansas City on July 14, 1891, that the deed of trust and note were in the hands of II. C. Shepherd, the co-defendant, who was threatening to foreclose it. That Stoner, the trustee, refused to act, and that R. S. Stone, the sheriff of Jackson county had become the successor in the trusteeship, and that said Shepherd would cause R. S. Stone, [366]*366the sheriff, to sell the property unless restrained by injunction.

The petition then proceeds to set up that Shepherd also had another note and deed of trust, to-wit, a note in the sum of $4,750 upon the same property, which note and deed of trust was given by William McOlurg to the plaintiff himself, together with six interest coupons thereto attached in the sum of $142.50 each; that in order to secure payment of the same, McOlurg had given a deed of trust on the same property under Hate of April 23, 1894, to Jas. H. Harris, as trustee for T. O. Robertson, and that this deed of trust was recorded in Kansas City, Jackson county, that Harkless had declined and refused to act as trustee and that R. S. Stone, the sheriff, becamé the successor in trust for the purpose of foreclosing this deed of trust; that this deed of trust was also at the time in the possession of H. O. Shepherd, who claimed to hold the same by transfer from T. O. Robertson. That Robertson was the owner of the real estate subject to the two above-described deeds of trust, and was the owner at the time the first-described deed of trust was given; that he thereafter conveyed the property to McOlurg, subject to the first mortgage, and while the said McOlurg remained the owner thereof, he (McOlurg) executed said second deed of trust to the plaintiff and after executing it, McOlurg reconveyed the property to the plaintiff, and that before the execution of the contract hereinafter mentioned, Shepherd come into possession of both said deeds of trust and notes. That there were also two taxbills in the sum of $117.13 total, with interest, issued for paving the street in front of the property which were also in the possession of II. C. Shepherd at the time of making the contract hereinafter mentioned. That afterwards, on or about the thirtieth of September, 1896, the plaintiff and H. C. Shepherd entered into a contract by which both said deeds of trust and all notes and coupons secured thereby and the special taxbills were settled, cancelled and discharged in full, the agreement by which it was settled and discharged being as follows:

[367]*367“This agreement made and entered into this thirtieth day of September, 1896, by and between T. O. Robertson and LI. O. Shepherd, witnesseth: That the said T. O. Robertson does, in consideration of the covenants and agreements hereinafter made by the said Ií. C. Shepherd, hereby release H. C. Shepherd from any and all liability for the entire stock of drugs and fixtures formerly belonging to James M. Love & Company, and by them sold to T. O. Robertson, which were located at 546 Main street, Kansas City, Missouri, and which belonged to T. O. Robertson and were sold by H. O. Shepherd and proceeds thereof used by EL C. Shepherd, for which said T. O. Robertson hereby receipts said EE. C. Shepherd for in full, and T. O. Robertson hereby assigns all right for damages in the case of Fuller & Fuller Company against said T. O. Robertson, wherein the above-described stock of drugs and fixtures were attached by Fuller & Fuller Company and said attachment dissolved, and T. O. Robertson hereby assigns, to and authorizes H. O. Shepherd to collect any and all moneys for damages from Fuller & Fuller Company or their bondsmen or both, and said T. O. Robertson hereby assigns and transfer to H. C. Shepherd all right for damages in the case of Woolf Brothers against T. O. Robertson wherein the above-described stocks of drugs and fixtures were attached by Woolf Brothers and said attachment dissolved, and said T. O. Robertson hereby authorizes EL C. Shepherd to collect any and all money for damages from Woolf Brothers or their bondsmen or both, and T. O. Robertson does hereby assign to EL C. Shepherd all his interest in or rights growing out of this number 24,221 and 24,223 wherein I. M. Ridge attached the stock of drugs and fixtures then located at 915 Main street, Kansas City, Missouri, and T. O. Robertson hereby assigns all his interest in said stock of drugs and fixtures to EL O. Shepherd, and further assigns all right for damages against I. M. Ridge or his bondsmen, or both, on account of said last-mentioned attachment suits number 24,221 and 24,223, and authorizes said H. C. Shepherd to collect any and [368]*368all moneys growing out of said suits, including the $1,050 now in the hands of the sheriff of Jackson county, Missouri, and these presents shall be a receipt in full for the same; and the said T. O. Robertson hereby further receipts H. O. Shepherd in full for seven hundred and fifty dollars paid by T. O. Robertson, the receipt of which is hereby acknowledged by and between the parties hereto, and said T. O. Robertson hereby releases said H. O. Shepherd from all liability for partnership funds heretofore existing between the said T. O. Robertson and II. O. Shepherd, and this is a receipt in full for any and all such funds, and T. O. Robertson releases any and all his rights existing on account of such partnership existing between T. O. Robertson and II. O. Shepherd. In consideration of all the afore-mentioned receipts, assignments, releases, moneys and agreements, the said H. O. Shepherd does hereby agree to turn over to T. O. Robertson and cancel of record two certain mortgage bonds, one for $2,000 signed by T. O. Robertson and wife, in favor of Samuel S. Smith, and by him assigned to II. C. Shepherd, and bond dated June 5, 1891, and secured by trust deed recorded July 14, 1891, in book B 473, page .541, in Kansas City, Missouri, and the other mortgage bond is for $4,700, witjp. six coupons attached, each for $142.50; both bond and coupons are executed by William McClurg and his wife in favor of T. O. Robertson, and in Shepherd’s hands as collateral to any liability for his signing a forthcoming bond for Robertson to replevin the stock of drugs (first mentioned on first page of this contract from Woolf Brothers), and II. C. Shepherd agrees to withdraw said $4,750 bond and coupons from the court filed at Richmond, Ray county, Missouri, and turn over to T. O. Robertson and cancel of record, bond and coupons are dated April 23, 1894, and secured by trust deed recorded November 13, 1894, in book B 570, page 617, in Kansas Oity, Missouri, and H. O. Shepherd agrees to turn over to T. O. Robertson and cancel of record two special taxbills for paving Olive street, No: 51 and 52, amounting to $117.13, [369]*369said bonds and taxbills are liens until released of record' on lot 6 and south 11 feet of 5, block 4, East Side. Place, an addition to Kansas City, Missouri.
“This agreement settles all litigation between the parties hereto, and cancels all notes and accounts between them, and this contract shall be fulfilled within a reasonable length of time from this date.

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Bluebook (online)
65 S.W. 573, 165 Mo. 360, 1901 Mo. LEXIS 277, Counsel Stack Legal Research, https://law.counselstack.com/opinion/robertson-v-shepherd-mo-1901.