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Tin: Supreme Court has decided «n important ipicstkm, It. vilJ bo recollected tUoolilDea Moines Valley J ini I road wnu Bold about nino months ago under a mortgage foreclosure, for the benciit of bondholders, The paitieK to the HTiit desired to economize expenses, and accordingly an agreement in writing waa made with the Sheriff of Polk county that if the foreclosure miit wart brought in that county, and the ualo jnado there, he would accept in full for nervines and fees. £350, if tlio whole road was sold by him, or i25(J if only a part was sold, The j»ftio w:w made, uud ttie Sheriff demanded full fees. The lower court gave a judgment in furor of the Sheriff. The Supremo Court- a binned the decision, and held that the agreement made by tho Sheriff to accept less than legal fees wan null and void, in violation of statute, and cguinbt public policy. Abu, that the agree wont ih incapable of being enforced by either parly. The statute provides what are tho legal foes of I officers, in id in section 3,840, that if any oJttcer who willfully takes higher or oihrr fecH than are allowed by htw, is guilty of a mb demeanor, Tho Sheriff's I'eots in the caao amount to £11,-Qiy, which are probably IIie largest ever pocltclcd by an oilicer at a single sale in thin state.
Newspaper Details
Algona Republican
Algona, Iowa, US
Wed, Apr 07, 1875
Page 3
Full Page
Clipped by
Don B.
USA 27 Jun 2023
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