Western Lawrence County Road Improvement District v. Friedman-D'Oench Bond Co.

Appellee is a corporation, and will be hereinafter referred to as the company. It was the plaintiff below, and for its cause of action alleged that the defendant road improvement district, hereinafter referred to as the district, in consideration of $12,500 in money advanced to the district, executed to S. P. Turner the negotiable warrant of the district in the following-form:

‘‘‘Western Lawrence County Road Improvement District.

“Pay to the order of S. P. Turner, Hardy, Ark., the sum of twelve thousand five hundred no/100 dollars ($12,500) with 6 per cent, interest from date until paid.

“On…