Stockmens State Bank v. Pollat

This is an action on a promissory note for $1,900, dated April 16, 1932, and payable 60 days thence. The Stockmens State Bank, payee, commenced the suit, but S. D. Ralston, present owner of the note, was substituted plaintiff pending litigation. The note was executed and delivered by Lewis Poilat and Anna S. Drake, defendants, and contains this provision:

“Each hereby pledges his or her separate property and estate for the payment of this note.”

In a separate answer defendant Anna S. Drake pleaded in substance that the note was a renewal of a 2,500-dollar note reduced by payments to $1,900;…