Hoyt v. Upper Marion Ditch Co.

WOLFE, Justice.

Appeal by defendant Lemon and his wife only, from a judgment against them as indorsers on a note and for foreclosure of a pledge of shares of stock given to secure their obligation as indorsers. On June 25,1929, the Upper Marion Ditch Company made and delivered to W. H. Lemon, or order, its promissory note for $3,420. The note provided: “The makers and endorsers of this note each expressly waive demand, notice of non-payment and protest, and suit against the maker.” The note was executed with a printed form as the base. Typewritten thereon was the following: “950 shares of…