Pennsylvania Steel Co. v. New York City Ry. Co.

Citations

• 165 F. 485
• 1909 U.S. App. LEXIS 5296

Syllabus

<p>Keceivees (§ 158*)' — Equitable Rule as to P’bioeities — Claims Entitled to Pl> [OP.ITY.</p> <p>The surety on supersedeas bonds given by a street railroad company on appeals from .judgments against it, which has been compelled to pay such judgments on their affirmance after the insolvency of the company, is not entitled to rank as a preferred creditor in the insolvency proceedings against Ihe company with creditors having claims for supplies furnished to keep the road in operation.</p> <p>[Ed. Note. — For other eases, see Receivers, Cent. Dig. § 303; Dec. Dig. § 158.*]</p>