Mayfield Water & Light Co. v. Graves County Banking & Trust Co.

Opinion op the Court by

Judge Clarke.

Reversing.

On May 1,1914, Lester Gillum executed and delivered to appellee his note due in six months thereafter for $2,000.00, and to secure the payment of which he pledged as collateral security three $1,000.00 second mortgage bonds of the appellant, Mayfield Water & Light Co.

On February 5,1915, appellee filed suit against Gillum seeking judgment against him upon said note and an enforcement of its lien upon the mortgage bonds.

Upon the third day of the next ensuing term of the Graves circuit court appellant, J. C. Dean, receiver of Mayfield Water and Light…