Des Moines & Ft. Dodge R. Co. v. W., St. L. & Pac. Ry. Co., 135 U.S. 576 (1890)
U.S. Supreme CourtDes Moines & Ft. Dodge R. Co. v. W., St. L. & Pac. Ry. Co., 135 U.S. 576 (1890)
Des Moines & Ft. Dodge Railroad Company v.
Wabash, St. Louis & Pacific Railway Company
Argued April 11, 1890
Decided May 19, 1890
135 U.S. 576
APPEAL FROM THE CIRCUIT COURT OF THE UNITED
STATES FOR THE SOUTHERN DISTRICT OF IOWA
A contract by a railroad company, chartered to construct a railroad between two points, made with another railroad company for the use of the road of the latter for a part of the distance for a period of years in order to complete the connection proposed by the charter, and providing that the contract and any damages accruing from a breach of it shall be a continuing lien upon the roads of the two contracting parties, their equipment and income, into whosesoever hands they may come, creates no lien on the property of the first company which will take precedence of a mortgage executed after a breach of the contract prior to the expiration of the term has taken place.
In equity. The case is stated in the opinion.