From the a later on part i discuss its provider and nature

The new intention getting that the characteristics in which charges was here invited are primarily with the advantage of told you La Lender and its organization member-shareholders since the popular from the Long Seashore Organization and other people due to the fact independent entities otherwise parties

The order the topic of instant appeal directed brand new percentage regarding “interim attorneys’ costs” to appellees out of certain financing that has been impounded throughout the registry of your own all the way down legal by the an order generated throughout the legal proceeding in the main instance. And that of the various litigants in this case owned these money, and/or had directly to possession of the entire or one area thereof, is actually a conflict confronting the lower courtroom, in addition to impounding order right here inside it set such fund and you can possessions throughout the registry of your own judge pending final adjudication of your own merits of the various claims.

The order on notice originated the way we currently indicate. It had been entered toward Summer 19, 1950 in the main circumstances and was granted pursuant so you’re able to movements submitted if that’s the case into the January 1949 and you may February 1950 because of the brand new co-plaintiffs on thus-titled “Los angeles Step.” Appellees was and they are counsel towards previous Federal Home loan Bank away from La and one of the half a dozen organization co-plaintiffs (Wilmington) while the actions was according to the grounds that former bank had no money in which to pay their lawyer to have qualities therefore “as all of the property come in the latest palms out of Government Financial Financial out of Portland, also known and you will also known as a federal Mortgage Financial out of San francisco bay area,” 1 and this the fresh new relevant plaintiffs (plaintiffs in the thus-titled “La step”) “has actually an effective demand for the fresh new property away from Los angeles Lender today within the fingers away from said accused Government Financial Bank away from Portland enough to entitle him or her, and each of them, towards the payment out of said assets of charge from their lawyer.” (Importance provided.)

It will be noted the foregoing motion off La describes “possessions from La Financial now in the fingers off told you accused Government Financial Lender out-of Portland

The transaction directed the newest clerk of the straight down court to expend of and you may off this type of impounded financing the sum $67,five-hundred so you’re able to appellees have been the recommendations to own La, getting functions theretofore made regarding the therefore-entitled “Los angeles action”; and also to spend the money proceed the link for sum of $eight,500 in order to the advice having Wilmington Association (a great co-plaintiff within the told you action) to own characteristics theretofore made throughout the “consolidated measures.” dos The brand new judge revealed new allowance as the “a meantime allotment toward account merely” together with specialized order provided that the fresh percentage be produced “regarding fund and moneys heretofore placed nowadays into deposit in the Registry of the Court from the above called consolidated actions” and therefore “the fresh numbers purchased hereby paid back essentially in the financing throughout the Registry of your own Court aren’t of the regards to it Acquisition, imposed, allocated or assessed upon otherwise facing one particular class or events, financing or funds, given, but not, that it’s hereby determined and you may purchased the wide variety, otherwise any region thereof, here allowed and you may ordered paid down regarding said loans will not assigned against or implemented through to fund or possessions owned by otherwise from the Enough time Coastline Government Discounts and you may Loan Connection, (Association) otherwise any kind of the investors, participants otherwise stockholders, either personally, otherwise because the a link, except as a result connection will likely be necessary to incur while the a good member-stockholder only from a federal Mortgage Bank. “

” Given that expressed a lot more than, “Portland you may” and you may “Los angeles” banking companies was basically blended to the Federal Home loan Lender from San Francisco.