Wood v. Fulton Property Co.

SMITH, Chief Justice.

B. F. Dittmar Company was a corporation engaged in the real estate mortgage business, lending money upon real estate in various counties in Texas and taking deeds of trust liens upon the properties to secure the notes evidencing the loans. The company in turn issued and sold to the public investment certificates secured by said notes and mortgage liens. These transactions were evidenced by certain trust agreements, in which the National Bank of Commerce of San Antonio was named as trustee for the benefit of the purchasers of said certificates. The notes and liens were…