Word: liens
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...certainly with Minnesota, which probably will be followed by other states, the question of how strong a real estate mortgage is going to be has been raised in an unprecedented fashion. Up to now the lien on property has been considered inviolate and property has had loans placed upon it on the assumption that public sale could bring the investor his original investment or as much of it as was possible to get on the market. Now an entirely new point of view is interjected. And if the states can impair a contract with respect to real estate investments...
Terms of the sale were that a new company, General American Life, formed by Equity Corp. will take over Missouri State Life's business. A lien will be placed against the cash surrender value of Missouri State's outstanding policies so that policy holders cannot cash in on their policies at will. But all death benefits are to be paid in full...
...never testified. The Committee was puzzled by his income tax return in which he had reported a $3,000,000 loss in Fox stock. Fox Theatres Corp. had also deducted the same loss from its return. Last week the U. S. Government filed a $1,980,000 lien against William Fox for underpayment of taxes in 1929 and 1930 together with interest. Observers believed that the Government , thwarted by a jury in its effort to collect back taxes from Banker Charles Edwin Mitchell, was now abandoning criminal prosecution in income tax cases, would henceforth stick to civil action...
...feelings, promptly ordered them to pay for their own parties and furthermore pay rent. When the Drakes did neither, the receiver sought court sanction to oust them. The Brothers Drake and their wives also went to court, arguing that the contract was an operating charge and therefore a prior lien on the property. Last week while the courts pondered the case, the Drakes were still in their nine-room suites...
...hurried to East Orange, watched the Fuller house until he was convinced that the Sherwoods were there, although he caught no glimpse of Sherwood himself. Then City Editor Barrett confided in William Duggan. Collector of Internal Revenue, who, it turned out. had been negotiating a $49,500 income tax lien with Sherwood through the latter's attorney but did not know where Sherwood was. Would Collector Duggan "play ball" with the American? He would. A rendezvous with Sherwood and his lawyers was arranged in a Hoboken saloon, where Sherwood was safe from a New York contempt-of-court citation...