Walthall v. Barnes

SMITH, Justice.

In October, 1928, W. J. Walthall and wife erected a residence in Ridgewood court, in San Antonio, with lumber purchased from Campbell Lumber Company, in the amount of $15,000. Upon the completion of the house, the Walthalls moved into it, from their home on Huisache avenue, in said city, and borrowed $15,000 from Texas Bank & Trust Company with which to pay said lumber bill.

Walthall was cashier, director, and member of the loan committee of Texas Bank & Trust Company, and as an inducement to procure said loan from his bank he agreed with the other officers to give a valid lien…