Summit Coal Co. v. Southern Cotton Oil Co.

WALKER, Circuit Judge.

While all the capital stock of the appellant, Summit Coal Company, a corporation which owned certain coal-mining properties, was owned by the appellee, and when the appellant was indebted to appellee in the principal sum of $136,000, the appellee so-ld all that stock to D. T. Buell, and thereupon, on February 5, 1921, the appellant executed to appellee a mortgage of said properties to - secure said debt, which was divided into installments, payable, respectively, on the 1st day of each month from July, 1921, to November, 1935, each installment to include interest from…