Holt v. Farmers' Loose Leaf Tobacco Warehouse Co.

Opinion op the Court by

Chiep Justice’ Sanipson

Affirming.

One Terrill, wlio had become financially involved while owning and holding a large amount of both real and personal property, on July 19, 1920, obtained from the Farmers’ Loose Leaf Tobacco Warehouse Company, a corporation, a loan of $2,000.00, which was evidenced by a note of that date secured by a mortgage on 60 acres of growing tobacco. W. H. Iiays was surety on the note. This mortgage was not recorded until after August 24, 1920, on which date Terrill mortgaged the same tobacco to appellants, Holt & Holt, for $3,804.00.

The chancellor…