104 Ga. 376 | Ga. | 1898
(After stating the foregoing facts.)
Counsel for defendants in error also insisted that the assignment of error did not make the point “that the company had no charter power to mortgage income.” The first assignment of error is, that “the court erred in holding that the mortgage or deed of trust was a lien at all on the income made by the receiver while operating the defendant’s property.” That the company had no charter power to mortgage its income was
The fund in the hands of the receiver arising from the net earnings and income made by him should be distributed according to the principles of law herein decided.
Judgment reversed.