New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-12-07
LAW MT,ELLIGENCE.
SUPERIOR COURT srEciaL TEES-Deo- S-Before Jus
FhoFYsAs.

SUPERIOR CoURT-srEcia TEES-Deo S-Before Jus
tic- ftoFysAs.
INTERESTING pEc1slOS To- TnE OFFICERS OF INsuR-
AECE AID oTHEK CORPORATIONS uJtDING rHE
AssETs or SUCH CORPORATIONS A coLLATERAL.
John = Bratou, Soqae.iaor q aeils.d Insurance
This was an action brought ~ the Piaint'f, NJ Ne
Sord1s,isv &C. s.;.f.ses n nj spl ih a. asoy ,nd
orfe IN Newton city in hieh later place - pIa pa nl
rs'' hts been trAnsarefl sS1insi tre~uan oJa NJ 800
other defendant Wood 4 TIC Drecio q
ouTsiJ :. as-bsd to L il as &C DE- received
lsise The boud- sud mvrsg ~ien ran'ti4io9
hsd advertised for sale At tbs Merchants IL
olsnre sc essc ina the ssssnnsai taeso SO al
te him made Ia bad fsih SitLou other than soun1
and IN oA Of the gh. cf The bona hi- H.
ore pocy-hodsr. end Of the Copzny Il also eia,nsi
utot srrrrr, thri even n the notes held by the S
LdaE 70 whifh these securities we're e9u-'ea4 we're my
due given uoa good consideration. that tae defendant
bling D cior o. the Company had s1iho,Y 70 receive
sueh preference other c3ior. and mo'' ~ had Ia
kOder.-
temporary injunction was granted By Mr Justice Pi,Te-
he oeisHasn to show eAe way as iaj9aeoP 'ao I'd ~ .,
sd a. Charles - tnlrfsoH tor painful J. > >lA1son
HoTTNAS, Justice.-Tbe case. on the defendants
sLOus VI N account adjusted b.weeR hem and the
Company By -hieh it l. found indebted . thea IN .he 'aE Of
@i % For this amount they have received usnef' OF 'e
planned would violent presumption Of rsnd la the Whole
concern II by aent- ihst the.- securities aot
Ct N January 1853 kerlrr then r-sd nj, presented Il,
Of .eeue lie controlsI Of Newl orb 70 the amaani
S11O embracing thu-- assigned. aud made tina
they ud in good faith and were worth so o. aud
were A. believed fret liens.
Is IN po.Jl- under crcnstsnrrs TO allow whole
sae offhese seeurs which rzu ru0us
scIite On the other hand the defendant should b. allowed
collect such securities may ne svaao ehef 0y ssi' or
voluntary payment giving security reured 70 account M the
avas hlo'.sr Voli BE- popsr, bat Tor some abcu
out OF the Posin Of the plaintiff anes, be slond
be spourd Receiver by this Court earno crder the seGu
es 70 placed in his hands giving security to pay ae de-
ndsB bat may be dne them ng' to sle IN oar 'roi
rss srd ultimately obtain Judgment s different FROM P'
sitter appointed Professionally ~ protect the proper
~ He must officer Of this i,r sucf purposes.
h.he he ultimately sustain this suit is point 10 not
po ras. up n OF How ard o. 5. r. SD not prepared
y tht defendant here and property here ne cannot
II that be thinK Is retain tue injunc
tou but With provision SLOWING the defendants 70 apply,
whenever advised for leave collect receive for
specified security q those assigned FOR leave % OF prior
Mems OF ncumbrlnces any Of them cOmprone the
same They m8y also have hnert apply for power to seeci
anv number Of such ccu aud 20 proceed % the
COLLECTION giving security abide the order OF the Court
respc,irg the the a q the and sursnd
Tie residue such person may be appointed receive the
1be order be settled days notice No cost Of this
ruatiau 10 either party.