Dickinson v. Speedway Land Co.

ROSS, District Judge.

The Memphis Investment Company, the Speedway Land Company, and the Bank of Commerce & Trust Company are Tennessee corporations located at Memphis, Tenn. On January 10, 1912, Mrs. Annie B. Snowden sold to' the Speedway Land Company certain lands in Shelby county, Tenn., for the price of $125,000, of which amount $50,000 was paid in cash and for the remainder the Speedway Land Company executed to Mrs. Snowden 15 promissory notes, of $5,000 each, 10 of which were due consecutively at 6 months’ intervals, beginning with July 10, 1913, and the remaining 5 were due on or before…