Union National Bank v. Waters

The Union National Bank of Knoxville has appealed from a decree denying a recovery against P. A. Waters, J. D. Waters and D. 0. Waters, of a balance of about $1000 and interest and attorney’s fees upon a note of defendants dated April 1, 3922, payable on or before December 30, 1922, for $5000 and interest, to the order of Gibson Construction Company. The bank sued as a bona-fide owner and holder, alleging that it became the pledgee of this note on September 24, 1922; and that on June 26, 1927 it became the absolute owner by a sale of the note under the terms and provisions of a note for $1500…