Dallas Joint Stock Land Bank v. King

McDONALD, Chief Justice.

B. W. King brought this suit to cancel a note and a lien, securing same, covering 200 acres of land owned by plaintiff. A brief history of the material events leading up to this suit is as follows:

In 1928 one Gameson, then the owner of the land, executed a note for $4,000 in favor of the Dallas Joint Stock Land Bank of Dallas, and to secure it executed a deed of trust covering the land in question. In January, 1934, J. M. King, a brother of the plaintiff, had acquired the land subject to the above indebtedness. B. W. King, the plaintiff, held a second lien against the…