State v. State Bank

Bill in chancery by the plaintiff against the defendants. The object of the suit was to obtain the benefit of a mortgage given to the school-commissioner of Tippecanoe county for the use of the relators. The facts are these:

John Sherry, on the 24th of December, 1836, borrowed of one Samuel Black, then school-commissioner, 1,527 dollars of funds in his hands belonging to the relators. To secure the payment of the loan, Sherry executed a mortgage of the south-east quarter of section six, in township twenty-two, of range six west. On the 15th of September, 1840, Jesse Evans, the successor in…