63 Tex. 91 | Tex. | 1885
National banking associations are by the law of their creation authorized to purchase, hold and convey real estate for certain purposes therein specified. Revised Statutes U. S., sec. 5137. In the organization of these associations the law provides that the directors shall elect one of their number president. Sec. 5150.
The deed to appellee purports to be the act of the “ First Rational Bank of the city of Dallas,” and the name of the corporation was signed and the seal affixed by “Jno. Kerr, Prest.;” also “By R. P. Aunspaugh, Cashier.” And so far as is material to the decision of the question presented, the certificate of acknowledgment is in these words: “ This day personally appeared said John Kerr, president of said First Rational Bank of the city of Dallas, and R. P. Aunspaugh, cashier of said bank, both of whom are to me well known, and severally acknowledged that they executed the above and foregoing instrument for the purposes and considerations therein contained.”
Appellants urged three objections to the admission of the deed in evidence. 1st. That it was not the deed of the corporation. 2d. There was no evidence showing that Kerr and Aunspaugh had authority to execute the deed. 3d. The acknowledgment was not by the grantor, but by Kerr and Aunspaugh.
With reference to the power of private corporations to convey land, our statute provides that “ Any corporation may convey lands by deed, sealed with the common seal of the corporation, and signed by the president or the presiding member or trustees of said corpora
That the deed was executed in compliance with the terms of the statute admits of no question. And perhaps, in the absence of the statute, the deed would be considered the act of the corporation, and properly executed. Phillips v. Coffee, 17 Ill., 154; Sawyer v. Cox, 63 Ill., 133; Miners’ Ditch Co. v. Zellerbach, 37 Cal., 543.
All that has ever been required with reference to the ordinary acknowledgment of a deed is a substantial compliance with the statute. As was truly said in Monroe v. Arledge, 23 Tex., 480, the material matter to be embraced in the acknowledgment is the execution of the deed. While the statute provides that the officer is to acknowledge the deed as the act of the corporation, and the officer does not, in express terms, declare that it was the act of the corporation, and so acknowledged, still that was the effect of the acknowledgment. The deed purports to be the act of the corporation, executed by Kerr as president, and he acknowledged that it was executed for the purposes and considerations therein contained. This acknowledgment was in substantial compliance with the statute. In our opinion there was no error in the admission of the deed in evidence.
Appellants recovered the judgment against the corporation April 17,1878; notice of appeal was then given, and the appeal thereafter perfected by giving the supersedeas bond within the required time. This appeal was returnable to the Austin term, 1879, of the supreme court, and as Dallas county was included in the first assignment, the law required the transcript to be filed on or by the first Monday in April, 1879. This was not done, and there was no effort thereafter made to have the transcript filed; it in fact appears that the corporation had abandoned the purpose of prosecuting the appeal. The first execution was issued on the judgment April 28, 1880.
On May 27, 1880, appellants caused an abstract of the judgment to be recorded in Dallas county.
Upon these facts the vital question, in the case is as to whether the lien of the judgment has been preserved or lost. For if there is no lien appellants have no right whatever to subject the land to sale.
Upon this point, upon the- one hand it is contended that as the transcript might have been filed at any time during the terra by leave of court, upon a proper showing, that therefore the appeal did
At the date of the judgment, as now, the law requires an execution to be issued within twelve months from the rendition of the judgment; otherwise the lien is lost. Of course the appeal suspended execution, and the plaintiffs had twelve months after the appeal had elasped in which to have execution issued, and thereby preserve their lien.
It seems that where, as in this case, the party has abandoned the purpose of prosecuting the appeal, and does not file the transcript by the return day of the assignment, that the appeal must be considered as having terminated with the return day, and that thereafter execution might issue upon the judgment at any time. A judgment lien is the creature of law, and its existence and continuance depends upon a substantial compliance with the terms of the statute by which it is created and kept in force. Therefore, as no execution was issued on the judgment within twelve months after the appeal had lapsed, the lien must be considered as having expired.
The record of the abstract of the judgment could not avail appellants anything, as the lien had ceased to exist some time before the abstract was recorded. As the lien had expired, such record could neither revive nor recreate it.
Hence, it follows that, as appellants had no lien upon the land, they could not rightfully subject it to sale under the execution. It therefore becomes unnecessary to consider the remaining questions presented by the record. Admitting that the court erred in the several matters specified, still such errors must be considered of no essential consequence. The right of the appellants to subject the land to the payment of the judgment, after the conveyance to appellee, depended solely upon the existence of the judgment lien, and as that had expired, no other than the judgment under review could have been rightfully rendered.
Our conclusion is that the judgment ought to be affirmed.
Affirmed.
[Opinion adopted January 21, 1885.]
