American Trust Co. v. Netherlands-American Mortgage Bank

■Smith, J.

The Netherlands-American Mortgage Bank, hereinafter referred to as the mortgage company, is a corporation having its situs in the kingdom of the Netherlands, and on the first day of September, 1920, it loaned to the Holland Delta Company, a corporation having its principal place of business at Lake Village, Chi-cot County, Arkansas, and hereinafter referred to as the Delta Company, the sum of $300,000, land to secure the payment thereof a deed of trust was taken on two plantations owned by the Delta Company in Chicot County. The Delta company failed to pay the taxes on the land for…