Peoples National Bank v. Hollar

Reese, P. J.,

The plaintiff’s statement of claim avers that on October 11,1928, the Shippensburg Cabinet Company executed and delivered to the plaintiff bank, as trustee for the holders of the bonds thereby secured, a mortgage on its real estate to secure the payment of 50 bonds of $1,000 each, which bonds were to be issued and sold through the trustee; that to increase the salability of the bonds a number of the stockholders of the cabinet company, the mortgagor, executed and delivered to the trustee on the same date the following contract of suretyship:

“Know All Men by These Presents,

“That…