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REEDSBURG BANK v. APOLLO

No. 73-1921.

508 F.2d 995 (1975)

The REEDSBURG BANK, Plaintiff-Appellee, v. APOLLO, Defendant-Appellee, v. Herbert R. NICHOLLS and Joan S. Nicholls, Proposed Intervenors-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided January 7, 1975.

Attorney(s) appearing for the Case

Daniel W. Hildebrand, Madison, Wis., for proposed intervenors-appellants.

James R. Clark, Milwaukee, Wis., for appellee.

Before SPRECHER and TONE, Circuit Judges, and PERRY, Senior District Judge.

TONE, Circuit Judge.

This is an appeal from an order denying a motion to intervene in an in rem foreclosure proceeding under the Ship Mortgage Act, 46 U.S.C. § 911, et seq.

Between July 1970 and December 1972, plaintiff Reedsburg Bank made loans to Western River Steamboat Co., Ltd., to finance the construction of the Apollo, a stern-wheel vessel being built for use in the Wisconsin Dells as a sight-seeing vessel, and to provide operating capital for Western...

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