Carhartt Holding Co. v. Mitchell

Opinion of the Court by

Creal, Commissioner

Reversing.

The Carhartt Holding Company, a corporation, hereinafter called the company, instituted this action, against Carrie Mitchell and the Union Bank & Trust Company, hereinafter called the bank, alleging in its- petition, as amended, that on the 15th day of May, 1931, Mrs. Mitchell executed and delivered to the company a note for $1,000 with interest from date; that in order to secure payment of the note, the maker pledged 100 shares of the preferred stock of the Carhartt Overall Company of a par value of $10 per share, the certificate for which…