Keith v. Walker

Opinion of the Court by

Judge Rees

Affirming.

On September 1,1923, the appellant, Thomas Keith, executed and delivered to the appellee, J. H. Walker, two notes aggregating the sum of $2,167.50, one of the notes 'being due September 1, 1924, and one on March 1, 1925. The notes were executed in payment for 102 shares of the capital stock of the Oneida Mercantile Company, and a lien was retained on these shares of stock to secure the payment of the notes. Keith failed to pay the notes when due, and on June 19, 1925, Walker instituted this action in equity in the Clay circuit court.

At the following…