Nowell

Nowell v. International Trust Co.

Good Law
169 F. 497·3 Alaska Fed. 319·94 C.C.A. 589·1909 U.S. App. LEXIS 4596
United States Court of Appeals for the Ninth CircuitApril 5, 1909No. 1,641California3,601 words

Opinion

Lead Opinion

Gilbert, J.

(after stating the facts as above).

The questions involved on the appeal are: First, did the court err in postponing the payment of the compensation and disbursements of the receiver from February 12, 1898, to February 21, 1906, to the lien of the mortgage indebtedness, and to the payment of the receiver’s certificates? Second, did the court err in postponing the payment of the receiver’s certificates to the lien of the mortgage indebtedness? And, third, did the court err in denying the motion of the appellants Nowell and Clapp to set aside the decree and reopen the litigation for the purpose of making certain specified bondholders parties to the suit ?

We find no difficulty in the way of sustaining the conclusion of law which is reached by the court below — that the complaint in the suit of Decker Bros, presented no case for the appointment of a receiver. The plaintiffs in that action were simple contract creditors of the Berners Bay Mining & Milling Company. The purpose of the suit was to obtain the payment of a money demand of $154.65 for goods sold and delivered, and to protect the plaintiffs against liability on certain checks or drafts. The property of the defendants in…

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