Union Trust Co. v. Southern Inland Navigation & Improvement Co.

Citations

• 130 U.S. 565
• 9 S. Ct. 606
• 32 L. Ed. 1043
• 1889 U.S. LEXIS 1776

Syllabus

<p>County of Warren v. Marcy, 97 U. S. 96, affirmed to tbe point that all persona dealing with property are bound to take notice of a spit pénding with regard to the title thereto, and will, on their peril, purchase the same from any of the parties to the suit.</p> <p>The conveyance by the 'trustees of- the' Internal Improvement Fund of Florida, on the 10th February, 1871, to the Southern'. Inland Navigation and Improvement Company .was subject to such decree as the court might render in a suit commenced in the Circuit Court of the United States for the Northern District of Florida against ^aid trustees and others on-the' 3d of November 1870; and as the Navigation and Improvement Company was a party to that suit, and as the decree of' December 4, 1873, in that suit', rescinded the agreements which the company had with the trustees in respect of lands constituting a part of the trust fund and restored to that fund the lands conveyed or attempted tb be conveyed to the company by the trustees, the said deed of February 10, 1871, and the mortgage by that company to the Union Trust Company of March 20, 18*71, based upon it, are invalid as against the present trustees of the Internal Improvement Fund.</p>