Meegan v. Pettibone-Gentry Co.

The opinion of the court was delivered by

Johnston, C. J.:

The Pettibone-Gentry Compány was engaged in railroad construction, and on February 7, 1906, it- borrowed $10,000 from William George, of Aurora, 111., giving four notes of $2500 each, payable in three, .six, nine and twelve months thereafter. To secure these notes to George it executed a chattel mortgage on a steam shovel outfit which was then being used in Osage county, Kansas. The Pettibone-Gentry *537Company owed a bank in Aurora, of which George was-president, $1500, and also owed $1700 to the party from whom the shovel was. purchased.…