Gulf States Finance Corporation v. Strickland

This proceeding began as a suit on a promissory note for the sum of $258.47 secured by a chattel mortgage on certain household effects consisting of a gas stove, two gas heaters, a shot gun and bedroom furniture.

In its petition plaintiff alleges that it is the holder of such a note, dated January 28, 1946, drawn and signed by Woodrow Strickland and Mrs. W.R. Strickland, to the order of bearer, in the principal sum of $273.47, payable in ten consecutive monthly installments and bearing interest at the rate of 3 1/2% per month on any unpaid principal balance not in excess of $150, and at the…