Union Trust Co. v. Southern Inland Nav. & Imp. Co.
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130 U.S. 565 (1889)
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U.S. Supreme Court
Union Trust Co. v. Southern Inland Nav. & Imp. Co., 130 U.S. 565 (1889)
Union Trust Co. v. Southern Inland Navigation and Improvement Company
Argued March 11-12, 1889
Decided April 22, 1889
130 U.S. 565
APPEAL FROM THE CIRCUIT COURT OF THE UNITED
STATES FOR THE NORTHERN DISTRICT OF FLORIDA
County of Warren v. Marcy, 97 U. S. 96, affirmed to the point that all persons dealing with property are bound to take notice of a suit pending with regard to the title thereto, and will on their peril purchase the same from any of the parties to the suit.
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 reader in a suit commenced in the Circuit Court of the United States for the Northern District of Florida against said 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as the Navigation and Improvement Company was a party to that suit, and as the decree of December 4, 1873, in that suit rescinded the agreements which the company had with the trustees in respect of lands constituting a part of the trust fund and restored to that fund the lands conveyed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 to 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, 1871, based upon it, are invalid as against the present trustees of the Internal Improvement Fund.