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3 Edw. Ch. 371

Astor v. Ward

New York Court of Chancery

Decided January 6, 1840

New York Court of Chancery · decided 1840-01-06

Joint mortgage by George A. Ward and William Power to the complainant; and Power afterwards gave the complainant a mortgage to secure an instalment due on the first mentioned. ° ° Then Power sold out to Ward his rights in the property embraced by the joint mortgage; and ultimately and subject to the lien, it passed into the hands of the defendant McVickar.

Decided 1840-01-06

The Vice-Chancellor :

¶1If the assistant Vice-Chancellor’s conclusion and the decree which he has finally made be correct, then the petitioner has no right to have a receiver appointed over the property of his co-defendant McVickar.

¶2It is not for me to say whether the decree is erroneous or not. The Chancellor alone must judge of that on the appeal; and as it appears to be the determination of the petitioner to carry on the appeal, the Chancellor will have the whole case before him on the merits. In the meantime and until it shall be decided otherwise, I am bound to consider the decree correct; and, consistently with it, must deny the prayer of this petition.

¶3*372The petitioner can appeal from my order ; and the Chancellor, being at liberty to look into the merits of the decree and having the power to correct the errors of it, if any, will make the order for the appointment of a receiver or not as he shall think proper.

¶4The prayer of the petition denied, with costs to the defendant McVickar to be taxed.

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