Beeson v. Chambers, Chancellor

S. H. Kincannon & Sons executed a chattel mortgage to the Bank of Magazine to secure an indebtedness of $1,800 due the bank. The Kincannons are residents of Booneville, and the mortgage was recorded in Logan County, in which county the towns of Magazine and Booneville are both located. The debt secured by the mortgage was not paid, and suit was brought December 24, 1934, in the chancery court for the Southern District of Logan County, of which district of the county the mortgagors were still residents when the suit was filed. A receiver was appointed who qualified as such and took possession…