Spangelo v. Northern Dakota Ry. Co.
This text of 276 F. 26 (Spangelo v. Northern Dakota Ry. Co.) is published on Counsel Stack Legal Research, covering Court of Appeals for the Eighth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Under a decree of foreclosure of a mortgage, in which the Minneapolis Trust Company was plaintiff and the Northern Dakota Railway Company, defendant, the property of the railway was sold by a special master appoinled by the court for the sum of $35,-000. Upon objections urged by the mortgagor, the railway company, that the amount bid was inadequate, the court disapproved the sale and thereupon entered an amended decree of foreclosure, adding to the original that the special master is to offer the property for sale as an [27]*27euiiiy first, and if a satisfactory price could not be obtained, that the property be dismantled and the material assembled at a convenient point and sold by the special master.
The special master proceeded with the new notice of sale at which the appellant, Spangelo, again bid $35,000, which bid the special master declined to accept and postponed the sale. He reported the situation to the court, asking further instructions. Spangelo appeared at the hearing and insisted that his bid be accepted. The court denied his request and the proceedings of the special master were approved. The order further provided that if the appellant, or any other party, would pay the special master $65,000 within a certain specified time, the sale should be made to such party, but if no such payment should be made, the special master was directed to carry out the decree, dismantle the line, and sell the material. At the request of Spangelo the time for payment of the $65,000 was extended, he representing that he and ether interested parties were engaged in an effort to raise this money and would be able to do so within a stated time. On the last day of the extension, no payment ha.ving been made, appellant, without any further application to the court, took this appeal.
The appeal is dismissed.
judge HOOK participated in the hearing of the case and concurred in the conclusion reached, but died before the opinion was prepared.
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276 F. 26, 1921 U.S. App. LEXIS 2039, Counsel Stack Legal Research, https://law.counselstack.com/opinion/spangelo-v-northern-dakota-ry-co-ca8-1921.