Sullivan v. Hadley

16 Ark. 129
CourtSupreme Court of Arkansas
DecidedJanuary 15, 1855
StatusPublished
Cited by6 cases

This text of 16 Ark. 129 (Sullivan v. Hadley) is published on Counsel Stack Legal Research, covering Supreme Court of Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Sullivan v. Hadley, 16 Ark. 129 (Ark. 1855).

Opinion

Mr. Chief Justice ENGLISH

delivered the opinion of the Court.

This was a bill to foreclose a trust deed, or mortgage, with a power of sale.

The bill was filed on the 4th day of September, 1850, in the Union Circuit Court, by James Hadley, the trustee, against Lee Sullivan, the maker of the deed, and alleges, in substance, as follows :

That, on the 20th December, 1841, in Tipton county, State of Tennessee, Lee Sullivan, then (as well as complainant) a resident of said county of Tipton, executed to complainant as trustee, a deed of trust, by which, after reciting that the said Lee Sullivan was indebted to John L. Iiadley, of Green county, Alabama, in the sum of $629 88, due by writing obligatory of that date, to O. JI. P. White, by two notes for about $21, and by open account, due first January, 1842, for about $30, and to sundry other persons in small sums, by notes, accounts, &e., the names of whom, and the sum due to each, being stated; and the said John L. Hadley, and the other creditors named, being willing to wait twelve months longer, with the said Lee Sullivan, upon having their debts and interest secured, and the said Lee Sullivan being willing to give them a certain assurance that their money should be paid at the expiration of twelve months from the date of the trust deed, he, the said Lee Sullivan, as well in consideration of securing his said creditors, in the payment of their demands, with interest, as for the further consideration of onedolllar, &c., granted, bargained, sold, assigned, tranferred and set over, unto the complainant, his heirs and assigns, the following property, then in the possession, and under the control of said Lee Sullivan in said county of Tipton, to wit: a negro woman Easier, and her five children, Hardy, Gabriel, William, Sarah, and Rossilla, slaves for life, &e., one sorrell horse, a bay mare, all his household and kitchen furniture, one wagon, carryall, barouche, and six spinning machines : to have and to hold said slaves and other property unto said complainant, his heirs and aesigns forever, in trust however and to the intent and purpose, that if all the claims set forth in said deed of trust, with lawful interest, should not be paid off, and fully discharged by the said Lee Sullivan, or some other person for him, before the expiration of twelve months from the date of the execution of said deed of trust, that complainant should, in the execution of the trust conferred upon him by the deed, and accepted by him, advertise said property, for twenty days, in a newspaper published in Memphis, Tennessee, {Memphis Enquwer), and by posting up written notices at four of the most public places, in said county of Tipton, for sale to tho highest bidder for cash, &c.

That it was further stipulated in said deed, that if said debts, &c., were not paid on the day appointed for such sale, complainant, as such trustee, should proceed to sell the trust property to the highest bidder for cash, and make bills of sale thereof to the purchasers, conveying to them all the right and title of the said Lee Sullivan, his heirs, &c., therein : the deed of trust to be void, and of no effect, if the debts secured thereby should be paid off before the day of sale. That tho trust deed was duly acknowledged on the 27th day of December, 1841, and on the same day recorded in the Register’s Office of Tipton county, Tennessee, and on the 26th day of August, 1844, duly recorded in the office of the Recorder of Union county, Arkansas.

The deed, with the several certificates of acknowledgment and registration thereto attached, is exhibited with the bill.

The bill further alleges, that said John L. Iladley and the other creditors of Lee Sullivan, named in the deed of trust, reside beyond the limits of this State. That in the month of October, 1844, complainant, out of his own means, paid to O. IT. P. White, one of the creditors, $16 05 on the claims of said White, secured by the deed, which sum with interest, complainant submits that he is entitled to have refunded to him out of the trust fund. White’s receipt is exhibited.

That in the year 1843, O. II. P. White, an execution creditor of Lee Sullivan, caused one of the slaves, included in the trust deed, to be levied upon, and that complainant believing it to be his duty to protect the trust property, filed a bill for injunction, and procured a release of the slave from execution, and was obliged to pay counsel therefor a fee of $25, which sum, with interest, complainant claims that he is entitled to have re-imbursed to him out of the trust fund: as well as $1 95 paid by him for acknowledging and recording the trust deed. The receipt of the counsel for the $25 is exhibited.

That, after the expiration of the twelve months forbearance, mentioned in the deed, the notice and sale therein required, were .not given or had, because the creditors of defendant were unwilling to harrass him, and were willing to, and had indulged ln'm; and continued to indulge him to the time of filing the bill.

That, in February or March, 1844, the defendant removed from the State of Tennessee to the county of Union, in this State, and brought with him the property mentioned in the deed, by the implied consent and sufferance of complainant; and that defendant, by consent of complainant, and under said trust, had retained and still kept possession of the property. That in consequence of the removal of the property, as well as of complainant and defendant, to the county of Union, it was inconvenient, and would fail to accomplish the object of the parties to the trust deed, for complainant to give notice of sale, at the several places, and in the manner required by the terms of the trust; and hence, complainant applied for the aid of the court of chancery.

That, since the removal of the property to Union county, Pierce, a judgment creditor of defendant, on the-day of-, 1845, caused an execution to be levied upon one of the slaves embraced in the trust deed. That complainant, as in duty bound, and at the instigation of defendant, by au attorney, who acted at the request of both complainant and defendant, caused the sale of said slave to be forbidden, and notified the sheriff' of the claim of complainant to the property. That defendant had repeatedly, and at divers times, within the last five years, acknowledged the said trust, and particularly the debt due to John L. Hadley, and bad been bolding tbe property subject to said trust, and bad kept off bis other creditors from collecting their claims out of bis property, by means of said deed of trust.

That tbe creditors mentioned in tbe deed of trust, and particularly John L. Hadley, were unwilling longer to indulge tbe defendant, and insisted upon tbe collection of tbe several claims; and that John L. Hadley bad particularly instructed complainant to take steps necessary to close said deed of trust as soon as possible. That tbe debts mentioned in tbe deed of trust, with tbe sum paid White by complainant, and also tbe sums of money paid by complainant, out of bis own funds, together with a considerable arrear of interest thereon, remained unpaid, and tbe trust unsatisfied, and still in force. And tbe complainant being desirous of having tbe claims paid off, and tbe trust discharged, bad several times applied to tbe defendant for payment thereof, as bad also tbe said John L.

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Bluebook (online)
16 Ark. 129, Counsel Stack Legal Research, https://law.counselstack.com/opinion/sullivan-v-hadley-ark-1855.