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NEW ENGLAND FIBER CO. v. BATH FIBER CO.

No. 6973.

115 N.H. 572 (1975)

NEW ENGLAND FIBER COMPANY, NEW ENGLAND MICA COMPANY, INC. v. BATH FIBER COMPANY, INC.; PAUL W. GLOVER, SR., AND PAUL W. GLOVER, JR.

Supreme Court of New Hampshire.

October 31, 1975.

Attorney(s) appearing for the Case

Devine, Millimet, Stahl & Branch, Robert A. Backus and James E. Townsend (Mr. Backus orally) for the plaintiffs.

Hamblett, Kerrigan, LaTourette & Lopez and Martin J. McMahon, Jr. (Mr. McMahon orally) for the defendants.

DUNCAN, J.

This case arises out of a petition to enjoin foreclosure of a purchase money mortgage for $65,000 held by Bath Fiber Company on mill property in Bath, sold to the plaintiff New England Fiber Company in December 1968 for $90,000 pursuant to a purchase and sales agreement executed on July 1, 1968. The plaintiff New England Mica Company, controlling stockholder of New England Fiber Company, was obligated as guarantor...

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