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FIRST NATIONAL BANK OF GREENVILLE v. O/S CHARLOTTE ANN

No. GC 6712.

302 F.Supp. 360 (1969)

FIRST NATIONAL BANK OF GREENVILLE, Plaintiff, v. O/S CHARLOTTE ANN, Her Engines, Boilers, etc., and Grafton Towing Company, Defendants.

United States District Court N. D. Mississippi, Greenville Division.

January 6, 1969.

Attorney(s) appearing for the Case

Roy D. Campbell, Jr. and James L. Robertson, Campbell, DeLong, Keady & Robertson, Greenville, Miss., for First National Bank of Greenville.

C. S. Tindall, Lake, Tindall & Hunger, Greenville, Miss., for Port City Towing Co.

H. M. Ray, U. S. Atty., Oxford, Miss., for intervenor.

OPINION

ORMA R. SMITH, District Judge.

On March 13, 1967 the First National Bank of Greenville, Mississippi, filed libel proceedings for ship mortgage foreclosure against the Oil Screw Charlotte Ann, owned by the Grafton Towing Company. The basis of the proceeding was a first preferred ship mortgage held by the Bank against the Oil Screw Charlotte Ann. The Port City Towing Company, holder of a second preferred ship mortgage, filed a similar proceeding against...

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