Pitts v. GFC CORPORATION

YOUNG, Justice.

The appeal was from an order overruling motion to vacate the ex parte appointment on August 3, 1949, of J. T. Ormond as receiver of a mortgaged automobile.

Edwin C. Pitts and R. E. Shutt, d/b/a R. E. Shutt Motor Company, were defendants below in appellee’s suit for debt and foreclosure. Prior to the instant proceedings and in April 1949, Pitts had purchased a 1946 Chevrolet car from Shutt, price $1,-704.94, terms $565 cash and an installment note for $1,139.94 payable $63.33 per month beginning May 15, with chattel mortgage taken as security. Appellee finanace company thereafter…