(DOWNLOAD) "Jones v. Village of Proctorville" by United States Court Of Appeals Sixth Circuit # eBook PDF Kindle ePub Free
eBook details
- Title: Jones v. Village of Proctorville
- Author : United States Court Of Appeals Sixth Circuit
- Release Date : January 25, 1962
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 53 KB
Description
This case involves the continuing efforts of the Village of Proctorville, Ohio, (defendant-appellee) to terminate a receivership whereby its waterworks and sewer system are being operated by a receiver appointed by the United States District Court for the Southern District of Ohio. The present receiver, Fannie M. Jones, wife of the plaintiff-appellant, was appointed during the course of proceedings to foreclose a mortgage which secured revenue bonds issued by Proctorville to finance the construction of such municipal facility. These bonds were originally owned by the Reconstruction Finance Corporation. Upon their default, the Reconstruction Finance Corporation instituted these foreclosure proceedings in 1941. Upon dissolution of the Reconstruction Finance Corporation in 1957, the United States of America became the owner of the bonds, and was substituted as party plaintiff in this cause. In 1958 plaintiff, Dr. Arthur S. Jones, acquired the bonds in question from the United States. Thereupon, his motion to be substituted as party plaintiff in this cause was granted, and his wife appointed as successor receiver. A motion of the Village of Proctorville to terminate such receivership was denied by the District Judge on November 4, 1960. On appeal to this Court, we vacated the order denying Proctorvilles motion to terminate the receivership, (Jones v. Village of Proctor ville, Ohio, 290 F.2d 49, C.A.6, May, 1961), and remanded the cause to the District Court with the following directions: