Streichert v. Higgins

This is a suit to foreclose a contract pledging certain bank stock as additional security for the payment of four renewal promissory notes therein described. The contract was executed November 17, 1920, by and between C. B. Higgins, pledgor, and August Scherneckau and Theodore Bracker, pledgees, through their attorney-in-fact, Emil Streichert. Appellants contend that Streichert was not authorized under power of attorney so to contract on behalf of his principals, Scherneckau and Bracker.

It is unnecessary to construe the power of attorney and to determine the extent of authority thereby…