Mitchell National Bank v. Jones

Highway Supply Company of Mitchell furnished supplies to the state highway commission to the amount of $837.51, the account for which, less 15 per cent discount, making a net sum of $711.88, was approved and allowed by the purchasing agent and also by the highway commission, and a voucher for the amount was issued by the highway commission to the supply company. On January 26, 1925, the supply company made its promissory note to Mitchell National Bank for $325, with interest at 8 per cent, due on demand, and as security therefor assigned.to the bank its account against the state for the…