The State Securities Company, a Corporation v. Aviation Enterprises, Inc., a Corporation, H. F. Jones, and Owens Metal Company, a Corporation

ORIE L. PHILLIPS, Circuit Judge.

The State Securities Company, hereinafter referred to as Securities, commenced this action against Owens Metal Company, hereinafter referred to as Owens, and others, seeking a decree adjudging a chattel mortgage held by Securities to be a first lien upon a certain Mooney airplane, ordering the foreclosure of such mortgage, and directing the sale of such airplane to satisfy a debt owing to Securities, secured by such mortgage, and other equitable relief. Owens counterclaimed, praying for a determination that Securities had no valid lien on the airplane and for…