Producers State Bank v. Danciger

This suit' in equity was instituted originally by plaintiffs upon a promissory note and grew out of the following facts as shown by the pleadings and evidence.

In July, 1916, the Nemo Oil Company of Oklahoma borrowed from plaintiff, a bank of Tulsa, Oklahoma, the sum of $6500, evidenced by its promissory note for that amount secured by a chattel mortgage covering the equipment on an oil lease then standing in the name of the Nemo Oil Company. As shown by defendants’ testimony, this note was paid October 12,1916. At the time this loan was made, Dan Danciger, one of the defendants, was secretary…