Radford v. Snyder Nat. Farm Loan Ass'n

JACKSON, Chief Justice.

The Snyder National Farm Loan Association of Scurry County, hereafter called the association, instituted an equitable proceeding in the county court of Scurry County, the -purpose of which was to require adverse claimants to ascertain in a suit between themselves the owner of a certain fund.

The association alleged that it had ninety shares of capital stock of the par value of $450 which it had issued to James R. Hutto, who had hypothecated it as collateral in connection with a loan he had obtained from the Federal Land Bank of Houston; that he had, as further security,…