First National Bank of Cisco v. Wood
Court of Appeals of Texas
Appeal from Eastland. Tried below before Hon. T. H. Conner. This action was brought by O. H. Edwards against Wood and others, as makers of the note sued on, and the Farmers’ Alliance Co-operative Milling Company, as indorser.
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Appeal from Eastland. Tried below before Hon. T. H. Conner. This action was brought by O. H. Edwards against Wood and others, as makers of the note sued on, and the Farmers’ Alliance Co-operative Milling Company, as indorser. The Milling Company made default, and the other defendants, makers of the note, by special plea, made the First National Bank of Cisco and W. N. Porter, indorsers, also defendants in the case, alleging that the note was made payable to the bank in order that the bank might advance the money thereon to the milling company, with'which such company should buy wheat, grind…
1Opinion of the Court
STEPHENS, Associate Justice.
We approve, though perhaps not in all respects as favorable to appellant as the evidence warranted, the trial court’s- conclusions of fact, finding in substance, that on the 15th day of April, 1887, W. N. Porter sold to the Farmers’ Alliance Co-operative Milling Company (a corporation) the Cisco Roller Mills, for $12,000, secured by twelve notes of $1000 each, one-half payable in six months, and the balance in eighteen months after date of sale, taking a trust deed to secure their payment on the-mill property. In October, 1889, these notes being all past due and…
2Cases cited2 opinions
- Morris v. MortonNebraska Supreme Court · 1883
- Dawson v. GoodyearSupreme Court of Connecticut · 1876
3Cited by4 opinions
- George v. HesseTexas Supreme Court · 1906
- Evans v. Speer Hardware Co.Supreme Court of Arkansas · 1898
- Riley v. AtmarCourt of Appeals of Texas · 1919
- Shepherd Laundries Co. v. GriffinCourt of Appeals of Texas · 1926