First Nat. Bank of Montgomery v. Town of Luverne

BROWN, Justice.

This is an action by the appellant against the appellee, the town of Luverne, on two promissory notes executed to McCalla & Kenan, the first for $5,811.61, on June 4, 1928, and the-other for $5,330.30, on July 19, 1928, both payable October 1, 1928, acquired by the plaintiff in due course for value before maturity. The consideration of the notes was for work and labor performed in paving projects inaugurated by the defendant under the statutes authorizing local improvements of streets, the costs of which were assessed against abutting property owners; and it was stipulated in…