Belt v. Texas Co.

STOKES, Justice.

Prior to the year 1924, in a partition of the lands of the C. C. Slaughter Cattle Company, Bob Slaughter was awarded approximately 16,000 acres located in Hock-ley County. In 1924 he negotiated a loan in the sum of $100,000 with the Dallas Joint Stock Land Bank. The bank was limited in a single loan to the sum of $50,000 and, in order to procure the loan in the sum desired, Bob Slaughter executed a deed of trust on the north half of the land to the Dallas Joint Stock Land Bank to secure his own note for $50,000 and conveyed the south half of the tract of 16,000 acres to his…