Charles W. And Ruby W. Norton, Inc., an Iowa Corporation v. Leadville Corporation, a Colorado Corporation

WILLIAM E. DOYLE, Circuit Judge.

In this action on a series of promissory notes, the questions presented on this appeal are whether the so-called subordination clause in the several notes which acknowledge the superiority in rank of an indebtedness to the First National Bank of Colorado or any other bank or trust company; or a similar clause in other of the notes which specifically subordinate the indebtedness of the plaintiff to the indebtedness owed by defendant-corporation to the First National Bank, operates to render invalid and unenforceable the notes in the hands of the appellee, the…