Court Opinion

ID: 5469781
Source: CourtListenerOpinion
Date Created: 2022-01-09 20:28:36.187151+00
Date Added: 2024-06-11T08:33:15.435832
License: Public Domain

Ingraham, J.
This suit was brought to enforce an instrument in the nature of a mortgage, on certain property of the defendant Plato, in favor of plaintiff, to secure the payment of notes to the amount of $10,000. After giving the instrument, defendant Plato executed a general assignment to the defendant Stone, conveying all his property, including that covered by the mortgage to plaintiff. The mortgage was stámped with a five cent stamp.
The court held it to be void under the stamp act, for want of the proper stamp to be affixed to a mortgage to secure $10,000, and dismissed the complaint with costs.