Dallas Joint Stock Land Bank of Dallas v. Glenn

Lloyd V. Mallon obligated himself to pay the Dallas Joint Stock Land Bank the sum of $25,000, evidenced by his promissory note to the bank, and secured by a deed of trust lien upon 5,00o1 acres of land owned by Mal-lon and situated in Starr and Hidalgo- counties. Mallon sold the land to G. O. Newman, who in turn sold 3,059 acres thereof to P. E. Glenn. In the latter transaction Glonn assumed to pay $16,295 of Mallon’s $25,000 note held by tbe bank, and executed additional notes in favor of Newman. John T. Judd and Margaret Cartmell also owed the bank a debt secured by a lien upon said land,…