State National Bank v. Temple Cotton Oil Co.

This suit was begun in June, 1931, by the Temple Cotton Oil Company, hereinafter referred to as the oil company, to foreclose a deed of trust executed to it by Sanderson & Orton on January 22, 1923. The State National Bank, hereinafter referred to as the bank, held a deed of trust on the property described in the oil company’s deed of trust, and for that reason was made a party defendant. It was alleged that the oil company’s deed of trust secured four notes as follows: One dated January 22, 1923, for $4,903.96, due December 1, 1925; one dated June 1, 1926, for $1,844.35, due November 1,…