Central S. Bank Trust Co. v. Oil Field S. Scrap M.

This is the second time this case has been before us for determination. The lower court in a written opinion has correctly stated the issues involved and determined them against defendants. Its opinion is as follows:

"The plaintiff has brought suit against the defendants as endorsers of a certain promissory note secured by a chattel mortgage and the principal facts are as follows:

"An ice company of Monroe, Louisiana, purchased from defendants herein on May 15, 1940, certain machinery for which it gave to the defendants its promissory note of that date secured by a chattel mortgage which was…