Bank v. Shedd

In Bank v. Shedd, 121 U. S. 74, 84, 85, 7 S. Ct. 807 30 L. Ed. 877 (1887), the trustees under two mortgages, and some of the bondholders secured by one of them, were contesting the priority of their respective liens, and the amounts due on the mortgages were undetermined. The court entered a decree of foreclosure and sale, in which it reserved for future disposition all disputes and controversies between the trustees in the two mortgages and the bondholders as to the priority and amounts of their respective liens; and the Supreme Court held this to be a final decree."