Thex v. Shreve

Kimball, Justice.

The parties to this action are residents of Montana and the chattel mortgages herein mentioned are Montana mortgages of property in that state. In the year 1923, defendants Ralph J. Shreve and wife gave to the Bank of Ash-land of Ashland, Montana, a chattel mortgage of 822 head of cattle branded HI bar or S bar U to secure tbe payment of promissory notes for some $56000. The notes and mortgage were afterwards transferred by the Bank of Ashland to the plaintiff, Charles H. Thex, who still holds the notes and has kept the mortgage in effect by renewal as required by the laws of…