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GRAND BEACH CO. v. GARDNER

No. 5282.

34 F.2d 836 (1929)

GRAND BEACH CO. et al. v. GARDNER et al.

Circuit Court of Appeals, Sixth Circuit.

October 8, 1929.

Attorney(s) appearing for the Case

Allan Campbell and C. S. Abbott, both of Detroit, Mich. (Campbell, Dewey, Stanton & Bushnell, of Detroit, Mich., on the brief), for appellants.

E. W. Froehlich, of Chicago, Ill. (Travis, Merrick, Johnson & Judd, of Grand Rapids, Mich., and A. S. & E. W. Froehlich and Everett M. Swain, all of Chicago, Ill., on the brief), for appellee.

M. M. Uhl, of Grand Rapids, Mich. (Knappen, Uhl & Bryant, of Grand Rapids, Mich., on the brief), for receiver.

Before MOORMAN, MACK, and HICKS, Circuit Judges.

MACK, Circuit Judge.

Bill to foreclose a mortgage deed of trust of the Grand Beach Company, given to secure an issue of its bonds, was filed in March, 1926, by Gardner, as trustee thereunder. The bill recited that in addition to the mortgaged hotel property the mortgagor had pledged to the trustee its 880 shares of stock in Land Owners' Association as further security for the bonds. Defendant Charles S. Abbott is alleged to be president both of the company and of...

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