91 F. 832 | 7th Cir. | 1899
This is an appeal by the St. Louis United Elevator Company from a decree of which the following is the essential part:
“It appearing to the court that the deficiency between the net proceeds of the foreclosure sale and the amount of the mortgage debt is the sum of $31,724.79, and that the St. Louis United Elevator Company, by reason of its assumption'of the payment of the mortgage debt in the deed from the Advance Elevator & Warehouse Company of date December 6th, 1889, conveying said property to the St. Louis United Elevator Company, subject to said mortgage, is equally liable for the payment of said deficiency, it is ordered, adjudged, and decreed that the above-named C. H. Albers, sole owner of all the mortgage bonds, recover of defendants, the Advance Elevator & Warehouse Company and the St. Louis United Elevator Company, said sum of $31,724.79, together with costs, and have execution therefor.”
The appellees have moved to dismiss the appeal because the decree is a joint one against the two corporations named, one of which has
This decree, like that in Elan rick v. Patrick, is certainly joint in form, but it is not, as that was, “severable in fact and in law.” It adjudges matters between tin; two corporations which, if it were reversed on this appeal, would be set at large, and might become; the subject of litigation between them. It determines, as between them, all the facts recited.—Hie execution and validity of the mortgage, the amount of the deficiency, the conveyance of the mortgaged property by one company to (be other, tlve assumption of the mortgage debt by the grantee, and, by necessary implication, the validity of the deed and of the contract of assumption. The appeal is therefore dismissed.