Federal Farm Mortg. Corp. v. Hatten

FOURNET, Justice.

The Federal Farm Mortgage Corporation, which, pursuant to acts of Congress approved January 31, 1934, c. 7, Sec. 3, 48 Stat. 345, and June 25, 1940, c. 427, Section 4, 54 Stat. 573, 12 U.S.C.A. § 1020b, became the transferee and owner of a mortgage executed by Mrs. Tennessee Smith and her husband, P. W. Smith, in favor of the Land Bank Commissioner on property located in West Carroll Parish to secure a loan for the discharge of all of their debts under the authority of the Emergency Farm Mortgage Act of 1933, 12 U.S.C.A. § 1016, filed this suit to have declared null and void…