Board of Commissioners v. State ex rel. Michener

The facts involved in this case may be summarized briefly as follows :

The auditor of Hamilton county loaned to one Amos J. Pettijohn out of the congressional school fund, town. 19, range 3, $1,000, and to secure the loan a mortgage was executed to the State of Indiana, as required by law, upon certain real estate situated in said county. The said auditor also loaned out of the same fund to one David Stewart $1,000, and a mortgage was executed to secure the same on lands situated in said county. For some years ’the mortgagors failed to pay the interest, and during those years it was paid by…