Dillon v. Monroe Mills Co.
Decision Date | 31 May 1924 |
Docket Number | 464-H. |
Citation | 123 S.E. 89,187 N.C. 812 |
Parties | DILLON v. MONROE MILLS CO. |
Court | North Carolina Supreme Court |
Appeal from Superior Court, Mecklenburg County; Devin, Judge.
Controversy without action, by T. P. Dillon, as receiver for the Bear Skin Cotton Mills, against the Monroe Mills Company. Judgment for plaintiff, and defendant appeals. Affirmed.
Interest of children, in a devise of real property to their father, in trust for self and family, with power to make advancements to children, became vested on their father's death, if not before.
From the facts properly presented, it appears that, the Bear Skin Cotton Mills having become involved, an action was instituted to liquidate and distribute its assets in accordance with law, in which said action plaintiff, T. P. Dillon, was duly appointed receiver with authority and directions to sell the plant, etc.
Acting under said powers, the plaintiff has contracted to sell said plant--mills and some outlying property--to defendant at the price of $122,350, stipulating for the making of a good title, which said bid was duly reported to the court and confirmed at May term, 1924, and title ordered to be made. Defendant company, admitting the contract, resist further compliance on the ground that the title offered is defective.
The court being of opinion with the plaintiff, entered judgment that defendants comply with the contract, from which said judgment defendant excepts and appeals.
C. W Tillett, Jr., of Charlotte, for appellant.
John C Sikes, of Monroe, for appellee.
The property in question was owned by H. M. Houston, who died in 1901, having made disposition of the same by his last will and testament in terms as follows:
Pursuant to the directions in this item of the will, the property embraced therein, consisting of both real and personal estate, choses in action, etc., was in 1902 divided by the three named children of the testator, and a written deed of partition of the same was formally executed and signed by the three and by L. A. W. Turner, the husband of M. M. Turner, and the land in controversy was embraced in the portion assigned to R. V. Houston, the son, who was also executor of the will.
No privy examination of M. M. Turner was taken as to the execution of this instrument of partition, but it appears that R. V. Houston and his children and assignees have been in the open and notorious possession of the property assigned to him, asserting ownership since the date of said partition.
The particular property in controversy here consisted of a tract of 3.05 acres, and was embraced in a deed made in December 1905, by R. V. Houston, commissioner, conveying same to the Monroe Cotton Mills, the deed purporting to be made under a decree of the superior court for purposes of reinvestment, and this interest so conveyed has been passed by mesne conveyances to the Bear Skin Cotton Mills, and is the title offered by plaintiff as to that portion of the land bargained to defendant; also a tract of 35 acres, part of the land assigned to R. V. Houston in...
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Hall v. Wardwell
... ... 597, 598, 3 Ann.Cas. 417; ... Powell v. Woodcock, 149 N.C. 235, 62 S.E. 1071; ... Dillon v. Monroe Cotton Mills, 187 N.C. 812, 123 ... S.E. 89; Wachovia Bank & Trust Co. v. Edwards, 193 ... ...