Millard v. Burley
Millard v. Burley
Opinion of the Court
In 1872 tbe Omaha Horse Railway Company executed a mortgage to the plaintiff in trust to secure its bonds in the sum of $20,000. The mortgage was duly recorded. The property mortgaged was as follows: “Lots one and two in block 206| in the city of Omaha, together with the stable and all other structures and improvements thereon. Also the road-bed of said company, now or hereafter to be constructed, including all the ties, iron, side tracks, turntables, and qther appurtenances belonging to or connected therewith; also all one-horse cars of the said company, cither now owned or hereafter to be acquired by said company; also the franchise of said company, with all the rights, privileges, and property pertaining thereto.” The mortgage contained a provision that in case of default the trustee should have the right to immediate possession of the property.
In October, 1877, a judgment for $4950 was recovered against the railway company, and about the first day of February, 1878, an execution was issued on the judgment, and levied by tire defendant upon the following described property of the company, viz., 1 stovepipe and zinc board, 2 revolving chairs, 4 office chairs, 2 bedsteads and bedding, 5 window curtains and fixtures, 2 coal scuttles, 1 city map, 1 state map, 1 tin safe, 4 one-horse railroad cars and accoutrements, 8 car-poles and doubletrees, 2 pairs car wheels and axles, hay in mow estimated at three tons, 1 lot of straw estimated at 1000 pounds, about 120 bushels of corn, 400 bushels of oats, 1 cutting-box, 1 feed mill, 1 corn sheller, 1 lot bran estimated at 2000 pounds, 6 lanterns, 1 part barrel of lubricating oil, 1 saddle, 1 rake, 4
Judgment affirmed.
Reference
- Full Case Name
- Joseph H. Millard, Trustee and Mortgagee of the Omaha Horse Railway Company, in error v. Alfred Burley, in error
- Status
- Published