New York Court of Chancery June 23, 1848 (Lady Superior of the Congregational Nunnery of Montreal v. McNamara)

The Chancellor.

The execution'of the bond and mortgage to Alien, under the circumstances disclosed in this case, ‘constituted him a trustee for the ladies of the nunnery whose 'debt was intended to be secured thereby ; so’that if he had neglected to execute the assignment pursuant to the arrangement, or if, for any reason, the assignment executed by him was "technically invalid, such bond and