J. J. Fowler, Inc. v. Fulton National Bank

McMurray, Judge.

On December 26, 1975, J. J. Fowler pledged 3,862 shares of the Citizens & Southern National Bank stock to secure his indebtedness to the Fulton National Bank of Atlanta. Fowler had previously executed a $400,000 note to the bank dated April 23, 1974.

On February 3, 1976, J. J. Fowler, Inc. executed a note for $5,269.80, as well as a security agreement hypothecating and assigning to the bank a John Deere diesel loader and certain accessories. On May 13, 1976, the corporation executed another note in the sum of $98,884.83 assigning a security interest in the same 3,862 shares of…