Chenault v. State Bank & Trust Co.

Opinion of the Court by

Judge Fulton

Affirming.

T. D. Chenault, the father of appellant, owned a life interest in a tract of land in Madison County containing 355.57 acres, with remainder to his two sons, Douglas Chenault and appellant, Harvey Chenault. By the provisions of the will of his father and the deed under which he held this life interest, T. D. Chenault was given power to sell and convey the land in fee simple, but was required to reinvest the proceeds in other real estate to be held subject to the same terms and limitations.

Prior to the year 1932, T. D. Chenault had mortgaged real…