First National Bank v. Turner

WEBB. J.

The plaintiff, First National Bank of Minden, Louisiana, payee of a promissory note drawn by the Richie Mercantile Company, Inc., and endorsed by W. D. Richie and H. C. Turner, brings this suit to recover judgment against H. C. Turner.

Plaintiff alleges that it is the holder and owner of the note before maturity for a valuable consideration; that the drawer •had been adjudicated a bankrupt; and that from the proceedings in bankruptcy it had received a small amount which had been credited on the note.

That there is embodied in the note the foLowing stipulation: .. “The makers, endorsers,…