Court Opinion

ID: 5585371
Source: CourtListenerOpinion
Date Created: 2022-01-11 01:51:54.507264+00
Date Added: 2024-06-11T08:36:13.496977
License: Public Domain

Russell, C. J.,
dissenting. Upon consideration of the motion for rehearing in this case, I am satisfied that the judgment of the lower court in the grant of an injunction and the appointment of a receiver, so far as the intervention of R. E. L. Spence is concerned, is error. The power of attorney given by Lipsey to Lyon is ' amply sufficient to have authorized the execution of all of the security deeds and other conveyances referred to in this record. Therefore the conveyance by Lyon, as attorney in fact for Lipsey, to R. E. L. Spence is as effective as if Lipsey himself had signed it. There is no evidence tending to establish the insanity of Lipsey at the time the power of attorney was executed. It does not seem to me that there is any sufficient reason shown why Spence should be restrained from proceeding to sell the property which was conveyed to him as security, for the purpose of collecting his debt. The Bank of Leesburg, by amendment to its petition, disclaimed any attack upon the power of attorney. This leaves remaining only the other two plaintiffs, both of. whom are unsecured creditors without a lien; and in my opinion their claims are not of such a nature nor are the circumstances such as to have authorized the grant of an injunction or the appointment of a receiver.