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CENTRAL TRUST CO. v. KNEELAND

No. 137.

138 U.S. 414 (1891)

CENTRAL TRUST COMPANY v. KNEELAND.

Supreme Court of United States.

Decided March 2, 1891.

Attorney(s) appearing for the Case

Mr. W.W. McFarland for appellants.

Mr. Robert G. Ingersoll and Mr. Clarence Brown for appellee.

Mr. John M. Butler, filed a brief for appellee.

MR. JUSTICE BREWER delivered the opinion of the court.

The first mortgage had the "after-acquired property" clause in it. It is settled that such a clause is valid, and that thereby the mortgage covers not only property then owned by the railroad company, but becomes a lien upon all property subsequently acquired by it which comes within the description in the mortgage. Pennock v. Coe, 23 How. 117; Dunham...

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