Little Red River Levee District No. 2 v. Moore

May 5, 1936, Little Red River Levee District No. 2, and Judsonia Drainage District of White County, sold to G. D. Moore the merchantable timber on lands of the two districts which overlapped. The lands were acquired by the districts through foreclosures of liens for betterments.

Moore sold the oak timber to J. H. Bailey. The districts executed a joint release in Bailey's favor. The contract between Moore and the districts called for a cash payment of $250. An additional payment of $3,250 was to be made on or before May 21, 1936, and final payment of $3,500 matured on or before November 21,…