Lowry v. Magnolia Development Company

MERRILL, Justice.

This appeal by W. D. Lowry, Jr., is from a final decree which apportioned certain funds, paid into court by Magnolia Development Company, between Lowry and H. B. Loeb, Jr. We shall hereafter refer to Magnolia Development Company as Magnolia. Appellant Lowry lives in Montgomery County; appellee Loeb resides in Escambia County.

In 1949, Lowry and Loeb jointly owned certain lands in Crenshaw County. In 1950, they executed a note for $600, with interest at eight per cent, payable to Lula Clyde Lowry, the mother of W. D. Lowry, Jr., and the next year they signed another note to her…