Third National Bank v. Weaver

73 Ill. App. 463, 1897 Ill. App. LEXIS 349
CourtAppellate Court of Illinois
DecidedFebruary 9, 1898
StatusPublished

This text of 73 Ill. App. 463 (Third National Bank v. Weaver) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Third National Bank v. Weaver, 73 Ill. App. 463, 1897 Ill. App. LEXIS 349 (Ill. Ct. App. 1898).

Opinion

Mr. Justice Burroughs

delivered the opinion of the Court.

At the February term, 1893, of the McLean County Circuit Court, the appellee, T. F. Weaver, recovered two judgments by confession; the first for $2,575.60, against Peasley & Co., a copartnership composed of T. D. Peasley, A. W. Peasley and H. H. Peasley, and also against each of them as individuals; the second, for $1,549.40 against A. W. Peasley, T. D. Peasley, H. H. Peasley, and Hannah Peasley.

At the same term of said court the appellant also recovered a judgment by confession for $3,280.60, against the same parties last mentioned. Executions were issued at once, upon all three of said 'judgments, and levied by the sheriff of said McLean County, on property of said judgment debtors.

At the same term 'of said court, and immediately after the said judgments were rendered, the said A. W., H. H., and T; D. Peasley, filed in said.court, on the chancery side thereof, their bill of complaint, making appellee and appellant parties thereto.

On March 22, 1893, being one of the days of said term of said Circuit Court, the appellee and appellant, who' were defendants to said bill, appeared in said Circuit Court, and consented that the court enter a decree under said bill, which was done in substance as. follows:

It is ordered that Samuel C. Dooley be, and he is hereby appointed receiver and business manager, to receive all the property of every nature and kind, outstanding debts and effects of said firm of Peasley & Company, as set forth in the bill in this cause; and the property heretofore levied on by the sheriff belonging to the complainant.

And that he have power to sell and dispose of the property, and to complete all contracts, and that he give bond in the penal sum of' $15,000. That the rights of the judgment and, execution creditors are to be paid out of the funds coming to the receiver’s hands in the order in which thby exist under the law.

On May 6, 1897, it being one of the days of the April term, 1897, of said Circuit Court, on motion of ■ appellant, it was ordered by said Circuit Court that the said chancery case of A. W. Peasley et al. v. Third National Bank et al., in said court, be redocketed, and on the further motion of appellant it was given by the court leave to file its petition in said chancery cause, which it did, in words and figures as follows:

“State of Illinois, 1 “County of McLean. J
“In the Circuit Court. To the April term, 1897.
“A. W. Beasley et al., v. “The Third National Bank et al. 1 No. 6,264. | Chancery.

“And now comes the Third National Bank, by Livingston & Bach, its solicitors, by leave of this court first had and obtained, files this petition, and now asks that the proceeds of execution sales, the assets, and the property of 0. D. Peasley, A. W. Peasley, H. H. Peasley and Hannah Peasley, be marshaled according to their priorities, and according to the right of the various creditors of the said parties, as determined by the judgments, executions, and decrees of this court. And also that T. F. Weaver, one of the judgment creditors against the aforesaid Peasleys, credit his judgment in this court with certain moneys that he has received and which should be applied and credited on the same. And that your petitioner shows to this court the following facts in connection herewith, that is to say, that one T. F. Weaver, who is a party defendant to this cause, did on March 18, 1893, at the February term of this court, recover a judgment against T. D. Peasley, A. W. Peasley, H. H. Peasley, and Hannah Peasley by confession for $1,549.40 and costs, which were $5.10. (And which judgment hereinafter for greater certainty, will be termed the “Weaver Judgment.”) And that on the same day execution was issued, directed to the sheriff of this county, and that the said execution was returned on August 30, 1893, indorsed no property found.

“Tour petitioner further shows that on the twentieth day of March, 1893, at the February term of this court, this petitioner also recovered judgment against the said judgment debtors aforesaid, by confession for $3,280.62 and costs, which were $6.10, that execution was issued on the same day on this judgment to the sheriff of this county, and returned on August 30, 1893, no property found.

“Tour petitioner further shows that the record of this court in the aforesaid cause of the Weaver judgment shows the following entries after August 30, 1893; September 1, 1893, execution issued; November 29, 1893, execution returned satisfied in full by sale of real estate; March 30, 1896, execution issued; April24, 1896, execution returned by order of plaintiffs’ attorneys; January 6, 1896, execution issued; April 2,1897, execution returned, no property found; April 2, 1897, execution issued.

“Tour petitioner further represents unto your honor that execution was issued on the judgment of your petitioner aforesaid, and a levy made upon the following described real estate, to wit: the east half (1-2) of the northwest quarter (1-4), and fifteen (15) acres off the west side of the' northwest quarter (1-4) of the northwest quarter (1-4), and eleven (11) acres of the west side of the southwest quarter (1-4) of the northeast quarter (1-4). All. in section twenty-nine, township twenty-two, north, range three east of the 3rd P. M. in McLean County, State of Illinois. Except a small tract assigned to Hannah Peasley as her homestead. And that on April 6, 1896, a sale was had under said execution, and that by virtue of said sale the said execution of your petitioner was credited with the sum of $792.20, on June 12, 1896.

“Tour petitioner further represents that the aforesaid Weaver did redeem from the aforesaid execution sale of this petitioner, under his- aforesaid execution issued on his aforesaid judgment on April 2, 1897, and placed in the hands of the sheriff, for the purpose of redeeming the said property from the sale aforesaid on execution of your petitioner aforesaid and which realized at said sale the sum of $1,075.41. That after-wards on the twenty-ninth day of April, 1897, your petitioner caused an execution to issue on its aforesaid judgment, and placed the same in the hands of the sheriff of. this county, with instructions that said execution should share in the sale then advertised under the Weaver execution, which had been issued on April 2, 1897.

“Tour petitioner further represents that on the "third day of May, 1897, the said property aforedescribed, belonging to the judgment debtors, was again sold by the said sheriff of this county, for the sum of $2,675: that the only execution in the hands of the sheriff of this county, at the time of the said sale, was the execution of said Weaver, and the execution of this petitioner as aforesaid.

“Tour petitioner further represents that on, to wit: the second day of April, 1897, the said Weaver received from one J. Howard Leaton the sum of $1,075.41, and which sum of money should be credited on his judgment aforesaid; and in reference to the same, this petitioner sets forth the following facts: That on September 1, 1893, the said J.

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73 Ill. App. 463, 1897 Ill. App. LEXIS 349, Counsel Stack Legal Research, https://law.counselstack.com/opinion/third-national-bank-v-weaver-illappct-1898.