First Nat. Bank of Chicago v. Southwestern Lumber Co. of New Jersey

WALKER, Circuit Judge.

In 1922 the Delta Land & Timber Company (herein called the Delta Company), being engaged in the lumber manufacturing business, and owning a sawmill, and timber land and standing timber, for the purpose of securing bonds issued by it, executed a mortgage or deed of trust which conveyed the various properties then owned by it, and contained an after-acquired property clause. Upon the execution of that instrument it was filed for record and recorded in the counties of San Jacinto, Walker, and Montgomery, in the state of Texas, as provided by X^xas statutes relating to the…