Peterman-Donnelly Engineers & Contractors Corp. v. First National Bank

MOLLOY, Judge.

This is an appeal and a cross-appeal from partial summary judgments granted below to both appellant and appellee, which determined lien priorities between the parties.

A parcel of land was donated to the Chamber of Commerce of Apache Junction, on which the Chamber undertook to construct a baseball park. The Chamber committed itself to an outside organization, the Houston Sports Association, to complete the park by February 1, 1962. To finance the project, the Chamber borrowed $10,000.00 from one L. D. Eyre, and secured the loan by a mortgage to Eyre.

Later, in an effort to…