Farmers State Bank v. Anderson

Redick, District Judge.

This is an action brought by the plaintiff, Farmers State Bank of Petersburg, against the defendant, Newman Grove *414State Bank, to recover the proceeds of a sale of 20 head of steers upon which plaintiff held a chattel mortgage securing a note of one Tom Anderson, who is also made defendant, but the contest is between the banks. Jury was waived and trial to the court resulted in judgment for plaintiff. Defendant, Newman Grove State Bank, appeals.

The mortgage was dated November 1Ó, 1919, and purported to cover 44 head of steers in the possession of the mortgagor in Boone…