Standard Lumber & Mfg. Co. v. Deposit Guaranty Bank & Trust Co.

The Deposit Guaranty Bank & Trust Company exhibited its bill against the Standard Lumber & Manu factoring Company, J. A. Boell, and F. 0. Cambre, which sought a reformation of a, deed of trust executed by the lumber company in favor of the bank to secure a note; the note was indorsed by the two individuals, Boell and Cambre. The bill prayed for a decree of foreclosure and a sale of the manufacturing plant and property described in the deed of trust by a commissioner of the chancery court, making the deed of trust and the note exhibits to the bill. • The note was long overdue, and the contract…