Roby v. Calumet & Chicago Canal & Dock Co.

46 N.E. 214, 165 Ill. 277
CourtIllinois Supreme Court
DecidedNovember 9, 1896
StatusPublished
Cited by4 cases

This text of 46 N.E. 214 (Roby v. Calumet & Chicago Canal & Dock Co.) is published on Counsel Stack Legal Research, covering Illinois Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Roby v. Calumet & Chicago Canal & Dock Co., 46 N.E. 214, 165 Ill. 277 (Ill. 1896).

Opinion

Mr. Justice Phillips

delivered the opinion of the court:

The case of Bremer v. Calumet and Chicago Canal and Dock Co. was before this court at the September term, 1887, and is reported in 123 Ill. 104. The same case was again before this court at the March term, 1888, and is reported under the same title in 127 Ill. 464. The record in the case was again before this court in Roby v. Calumet and Chicago Canal and Dock Co. and is reported in 137 Ill. 289. We will not here repeat the facts shown in the case as stated in those opinions.

When the case was before this court as reported in 127 Ill. 464, the decree was reversed, and remanded with directions. The error assigned in the appeal in the case as reported in 137 Ill. 289, was, that the court refused to amend and modify its decree to conform to the mandate issued under the judgment as entered in the opinion as reported in 127 Ill., and the judgment of this court éntered under that assignment of error was to remand the cause, with directions to conform its decree to the mandate of this court on the former appeal. After the cause was remanded this appellant, on January 30, 1892, filed his bill in the Superior Court of Cook county, alleging that on March 10, 1874, defendant, the Calumet and Chicago Canal and Dock Company, .being the owner of all the west half of the north-west quarter of section 17, township 37, range 15, in Cook county, Illinois, sold and conveyed the same to Charles G. Harris, by deed bearing date on that day, for §40,000, which deed was recorded in book 381, page 442; that §10,000 was paid in cash at the date of said purchase; that said Harris executed and delivered to said company his three promissory notes, payable to it or order, bearing date March 12, 1874, and bearing interest at the rate of ten per cent per annum after due until paid; that the said notes were for §10,000 each, and payable, respectively, on or before the 12th days of March in the years 1875, 1876 and 1877, at the office of said company, in Chicago, and were given for part of the purchase price of said land; that said notes did not bear interest until the maturity or coming due thereof, respectively; that to secure the payment of said notes said Harris signed and sealed a certain trust deed purporting to convey all said land to George W. Smith, to have and to hold the same in trust; that in case of default in the payment of said promissory notes or interest, or either, or any part thereof, or in case of a breach of any of the agreements in said trust deed mentioned, then, on the application of the legal holder or holders of said notes, or either of them, the trustee was to enter into and upon the said premises, or any part thereof, and to receive all rents, issues and profits thereof, and, with or without such entry, to sell and dispose of said premises or any part thereof, either en masse or in separate parcels, as he should prefer, together with all the right, title, benefit or equity of redemption of the said Harris, his heirs or assigns therein, at the court house door, for the best price the same would bring in cash, ten days’ notice of such sale having been first given in one of the newspapers at that time published in the said city of Chicago, thirty days before the day fixed for such sale, and to make, execute and deliver to the purchaser or purchasers at such sale the deed or deeds for the premises sold, and out of the proceeds of such sale, after first paying all costs of advertising and sale, commissions and all expenses of said trust, and all moneys advanced for taxes, assessments or liens on said premises, with interest thereon at ten per cent per annum, to pay the amount of principal and interest which should appear by said promissory note or notes to be unpaid at the time of such sale, rendering the overplus, if any, unto said Harris, his legal representatives or assigns, on reasonable request; that the trust deed was recorded May 28, 1874, in book 387, page 147; that said trust deed gave to the said Smith no power to sell said land, or any part thereof, except upon the application of the legal holder or holders of the said notes, and upon the notice and the place prescribed, as above stated, and then only for payment of said enumerated expenses of said trust, and the amount of principal and interest which should appear by said promissory notes to be unpaid at the time of such sale; that the legal title to said premises so conveyed to said Harris, as aforesaid, was held by said Harris in trust for orator and Charles W. Colehour, as equal tenants in common; that orator paid the said §10,000 of said purchase money which was paid in cash, and also paid to said company §500 on the 12th day of March, 1874, which ought to have been applied, and afterwards was on the 28th day of June, 1886, by said company applied, on the principal of said deferred payments; that afterwards, during the month of April, 1874, the said three promissory notes in said trust deed described were by said Calumet and Chicago Canal and Dock Company surrendered to said Harris, to be by him destroyed, and the same were canceled and destroyed by the joint action and full consent of both said Calumet and Chicago Canal and Dock Company and said Harris; that in lieu thereof said Harris made, executed and delivered to said company his three promissory notes, each being for the sum of $10,000 of principal, and bearing date March 12,1874, and bearing interest from date to the maturity thereof, at the rate of eight per cent per annum, payable annually, and after the maturity thereof at ten per cent per annum until paid; that said notes were made payable, respectively, on or before the 12th days of March in the years 1875, 1876 and 1877, to the said Calumet and Chicago Canal and Dock Company, at its office in Chicago; that the last mentioned notes were not mentioned in or described by said trust deed to the said George W. Smith, but, on the contrary, one of the last mentioned notes due on the 12th day of March, 1875, was a promise to pay the sum of $10,800 on that day, whereas the note described in said trust deed due on said 12th day of March, 1875, was a promise to pay $10,000 on that day, and no more; that Said note due on March 12, 1876, (which was made in lieu of the note maturing at that date and described in said trust deed,) was a promise to pay $800 on March 12,1875, and $10,800 on March 12, 1876, (in all $11,600,) whereas the note described in said trust deed due on said March 12,1876, was only a promise to pay $10,000 on that day, and no more; that said note due on March 12, 1877, (which was made in lieu of the note maturing at that date and described in said trust deed,) was a promise to pay $800 on March 12,1875, $800 on March 12,1876, and $10,800 on March 12, 1877, (in all $12,400,) whereas the note described in said trust deed due on said March 12, 1877, was only a promise to pay $10,000 on that day, and no more; that said trust deed, after describing the notes first given in the words following, to-wit: “Three certain promissory notes bearing even date herewith, executed by said Charles G. Harris and made payable to the Calumet and Chicago Canal and Dock Company or order, with interest at ten per cent per annum after due until paid, as follows, to-wit: Said notes being for §10,000 each, and payable, respectively, on or before the 12th days of March in the years 1875,1876 and 1877, at the office of said corporation in Chicago, said notes being given in part payment of the purchase money for the real estate hereinafter described; and whereas, the said Charles G.

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Bluebook (online)
46 N.E. 214, 165 Ill. 277, Counsel Stack Legal Research, https://law.counselstack.com/opinion/roby-v-calumet-chicago-canal-dock-co-ill-1896.