AMERICAN EAGLE FIRE INS. CO. v. PEOPLES COMPRESS CO.

No. 3169.

156 F.2d 663 (1946)

AMERICAN EAGLE FIRE INS. CO. OF NEW YORK v. PEOPLES COMPRESS CO. et al.

Circuit Court of Appeals, Tenth Circuit.

July 10, 1946.


Attorney(s) appearing for the Case

H. L. Smith, of Tulsa, Okl., and C. M. Smithdeal, of Dallas, Tex., for appellant.

Brown Moore, of Stillwater, Okl., for appellees, Peoples Compress Company and J. H. Bellis Cotton Company.

Before, PHILLIPS and MURRAH, Circuit Judges, and KENNAMER, District Judge.


MURRAH, Circuit Judge.

This appeal involves coverage under a "blanket or floating" insurance policy issued by American Eagle Fire Insurance Company insuring the People's Compress Company against any loss or damage by fire to cotton stored in its warehouse, for which "insured receipts" had been issued. The premium for such policy was adjusted and paid each month on the basis of the number of insured compress receipts issued and outstanding, and the policy required...

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