In Re Union City Milk Co.

The facts disclosed by the record in this case appear in certain exhibits, and in statements prepared by counsel representing the parties to the case which were submitted on stipulation to the circuit judge for his consideration. On November 19, 1947, James ~W. Patterson and Prances C. Patterson, his wife, negotiated a loan from E. Hill & Sons State Bank, Colon, Michigan, in the sum of $7,231.82. A note evidencing the obligation was executed, payable in instalments with interest at 6 per cent, per annum. By way of security Mr. and Mrs. Patterson gave a chattel mortgage on 2 described trucks…