Norton v. Tucson Cattle Loan Co.

In November, 1921, tbe Norton Land & Cattle Company, a Corporation, hereinafter called the Company, toot over a certain cattle ranch in Pima county. At the time there was a first mortgage on the land held by a Los Angeles corporation, a second mortgage held by the Company, and a third mortgage on the land, and a first chattel mortgage on the cattle held by the Tucson Cattle Loan Company, a Corporation, hereinafter called plaintiff. The Company issued notes to the plaintiff for the amount due it, secured by a mortgage on the cattle, released its own prior mortgage on the land, and put Sixteen…