Guaranty Trust Co. v. Green Cove R. Co.
139 U.S. 137 (1891)

Annotate this Case

U.S. Supreme Court

Guaranty Trust Co. v. Green Cove R. Co., 139 U.S. 137 (1891)

Guaranty Trust and Safe Deposit Company v.

Green Cove Springs and Melrose Railroad Company

No. 155

Submitted January 21, 1891

Decided March 2, 1891

139 U.S. 137

APPEAL FROM THE CIRCUIT COURT OF THE UNITED

STATES FOR THE NORTHERN DISTRICT OF FLORIDA

Syllabus

Limitations upon the power of a trustee in a railroad mortgage to take proceedings to enforce payment of the amount secured should be construed strictly.

A provision in a mortgage that the mode of sale provided by it "shall be exclusive of all others" is an attempt to provide against a remedy in the ordinary course of judicial proceedings and oust the jurisdiction of the courts, and is therefore invalid.

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