Simpson v. First National Bank of Dewitt

Appellants are farmers and stock raisers, and resided in the Northern District of Arkansas County. On August 13,1921, they borrowed $433.90 from the First National Bank of DeWitt, and, to secure the payment thereof,_ executed a chattel mortgage on a lot of cattle owned by them. Payments were made on the indebtedness thus secured, and upon each renewal of the note a new chattel mortgage was taken. In this manner a fifth chattel mortgage to the bank was executed on June 23, 1923, to secure the balance then remaining unpaid. In each case there was a failure to cancel and satisfy of record the…