Amite Bank & Trust Co. v. Field

This is a suit on a promissory note against which the' defendant pleads the prescription of five years (Civ. Code, art. 3540). The lower court sustained the plea and dismissed the suit, and plaintiff has appealed.

The note sued on is for the sum of $2,217.77, and is subject to certain credits indorsed oifit which reduce it to $1,575.96. It is dated “Amite, La., 3/26/25,” and is payable to the order of the Security Bank on demand. It is signed by the defendant, and originally it was secured by the pledge and delivery of 277 shares of the First State Bank & Trust Company of Hammond, La.,…