New York Court of Appeals

Harriet H. Vilas, Administrators v. John B. Page, Appellants

October 4, 1887106 N.Y. 439

Summary

The Court held that the March 10, 1858 order authorizing the receiver to purchase rolling stock and creating a first lien on the mortgaged premises was valid and binding, that the lien attached to the property itself, that the August 27, 1858 contract between the receiver and Vilas was enforceable because the 1873 foreclosure judgment satisfied its condition, and that the personal judgment against Page and his associates was unsupported and reversed, with liability placed on the corporate defendants.