100 Wis. 411 | Wis. | 1898
It appears from the record that April 30, 1896, one Adolph Landau was a merchant having a stock of goods and fixtures and in trade in the store at the place mentioned, consisting of- crockery, glassware, silverware, children’s carriages, and other goods, together with the fixtures belonging to the same; that on that day he and his wife gave to the plaintiff a chattel mortgage on all of such stock of goods and fixtures to secure the payment of $2,500, evidenced by four several promissory notes; that it was agreed, in and by the mortgage, that the mortgagors should have the right to sell goods covered by the mortgage, and add to the stock by purchasing other goods; that it was therein specially agreed that the mortgage should and did cover such property as should be afterwards acquired, and that the mortgagors therein agreed to make statements under oath, and file the same with the city clerk, as provided by sec. 23165, Stats. 1898; that such mortgage was filed May 4, 1896; that the mortgagor filed with the city clerk, at or about every sixty days from its date to October 28, 1897, a verified statement of his sales, the total valuation of the stock added from time to time, and the amount of sales; that December 8, 1897, a part of the mortgage debt being due, Mrs. Landau, being alone in the store, was induced to deliver the key of the store to the plaintiff’s attorney; that the plaintiff thereby claimed to have taken possession and be in possession under an agreement with the mortgagors and the usual clause in the mortgage authorizing the same;
The plaintiff appeals from that part of the order which required him and others to deliver such merchandise to the assignee, and to refrain from interfering with the possession thereof, and granting and allowing such motion of the as-signee.
The stock of goods and fixtures appears to have been of the value of about $0,000 at the time of the making of such assignment. The defendant claims that the chattel mortgage was void on its face, by reason of the omission, from the verified statements filed by the mortgagor every sixty days, of any statement as to the application of any proceeds of the sales made upon the mortgage debt, and by the failure to make such application, as required by sec. 23165,
By the Court.— The portion of the order of the circuit court appealed from is affirmed.