Lentz v. Dostal

Respondent’s counsel does not dispute that the defendant is bound by the original judgment of the circuit court for Grant county imposing upon him the obligation to invest the trust funds in such securities as sec. 231.32, Stats., requires of executors, guardians, and trustees, and we therefore assume that the judgment was correct or at least res judicata because not appealed from. Paragraph (g) of said section governing investment in real-estate mortgages requires that such mortgages be “first real-estate mortgages . , . on improved farm property or improved urban property . . . the amount…