Forman v. Prince

BOND, Justice.

■ On May 26, 1934, W. D. Prince, appellee, in his capacity as receiver of Lloyds of Texas, filed suit against Frank Forman, *1003appellant, in a district court of Dallas county, to recover on the latter’s subscription note in the sum of $3,000, title to certain securities, and, in the alternative, to foreclose the pledgee’s lien thereon. The note sued upon is as follows:

“Subscription Note Number #- “Amount $3000.00

“Lloyds of Texas Dallas Texas

“For value received, on demand, I promise to pay to Thomas Investment Co., or their successors, as Attorney-in-Fact, of Lloyds of Texas, at the…