Bayou Drilling Co. of Texas v. Baillio

BELL, Chief Justice.

The appellee, George Baillio, sued Bayou Drilling Company of Texas, Inc. on its promissory note of $35,000, alleging there was a principal balance of $31,000 due thereon. He also sought foreclosure of his chattel mortgage on numerous items of personal property, the chattel mortgage having been executed by the corporation. He joined as a defendant Empress Oil Company, alleging it had guaranteed payment of the note. Martin L. Harris filed a petition in intervention, ‘alleging that he, and not Bayou Drilling Company, was the owner of the property covered by 'the chattel…