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FIRST TRUST & SAVINGS BANK v. ST. LOUIS COKE & IRON CO.

No. 4031.

29 F.2d 506 (1928)

FIRST TRUST & SAVINGS BANK v. ST. LOUIS COKE & IRON CO. et al. ST. LOUIS COKE & IRON CORPORATION v. ALLEN.

Circuit Court of Appeals, Seventh Circuit.

November 28, 1928.

Attorney(s) appearing for the Case

Chilton P. Wilson, of Chicago, Ill. (Peter B. Nelson, of Chicago, Ill., on the brief), for appellant.

Marks Alexander, of Springfield, Ill., for appellee.

Before EVANS, PAGE, and ANDERSON, Circuit Judges.

ANDERSON, Circuit Judge.

The First Trust & Savings Bank, as trustee, brought suit to foreclose a mortgage on the property of the St. Louis Coke & Iron Company. This mortgage was executed to secure bonds to the amount of $10,000,000, of which substantially $6,800,000 were issued. The mortgage provided that a receiver might be appointed pending foreclosure proceedings to take possession and control of the assets of the mortgagor, and to collect the income and...

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