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PENNSYLVANIA CO., ETC. v. PHILADELPHIA INQUIRER CO.

No. 3709.

25 F.2d 701 (1928)

PENNSYLVANIA CO. FOR INSURANCES ON LIVES AND GRANTING ANNUITIES et al. v. PHILADELPHIA INQUIRER CO.

Circuit Court of Appeals, Third Circuit.

March 5, 1928.

Attorney(s) appearing for the Case

Francis H. Bohlen, Jr., and Saul, Ewing, Remick & Saul, all of Philadelphia, Pa., and Chapman & Cutler, of Chicago, Ill., for appellants.

Percival H. Granger and Reber, Granger & Montgomery, all of Philadelphia, Pa., for receivers.

Boyd Lee Spahr and Ballard, Spahr, Andrews & Ingersoll, all of Philadelphia, Pa., for appellee.

Before BUFFINGTON, WOOLLEY, and DAVIS, Circuit Judges.

WOOLLEY, Circuit Judge.

This suit was instituted in the District Court by a bill to foreclose a mortgage issued to secure corporate bonds. The case arose out of a contract of sale of real property and concerns the claimed lien of the mortgage, containing an after-acquired property clause, on property of a constituent corporation after its consolidation with the mortgagor corporation, and the claim that the lien, if it exists, is good against the property in the hands...

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