Court of Appeals Case

Court of Appeals Case

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1878 edition. Excerpt: ... Savings Institution on the seventeenth of November, 1871, and he continued to act as such until the early part of the year 1ST."), when, on account of charges made that he had improperly discharged the duties of his trust, he resignt d At the time of his appointment, Walter Roche, who had boon vice-president and a trustee of the institution, executed and delivered to the Receiver, and.Tamos Lynch and John E. Pevclin, a convoy-2480 ance of certain property for the benefit of the creditors of the Institution. This property was reconveyed by them to Roche, and in return lie with his wife executed and delivered to them another conveyance of certain pieces of real estate owned by him, on the twenty-fourth of January, lsTi. The principal object of this conveyance appears to have been to provide a fund for the early payment of the ci-editors of the Institution, which had been one of the Ravings Ranks organized and transacting business in the City of New York. And to accomplish that, the trusteees were em-2431 powered to sell the property, and out of its proceeds pay all just claims owing from the Institution on the first day of July, 1S72. These payments were to be made rateably, and in proportion to the amounts due the creditors on that day. But no payment, was to be made out of this property "except upon the delivery by such creditor to the said Walter Roche, of a proper instrument in writing, assigning to him the claim of such creditor upon the Guardian Savings Institution, and a subrogation of him to the rights of such creditor against said Institution, to the extent of such payments respectively" 2482 The effect of this instrument was simply to provide for a satisfaction of the creditors, and an assignment of their claims...show more

Product details

  • Paperback | 400 pages
  • 189 x 246 x 21mm | 712g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236880218
  • 9781236880215