Kietz v. Gold Point Mines, Inc.

This action was instituted by plaintiff to recover the sum of one thousand dollars due upon a promissory note signed by defendant West Central Securities Corporation, and to foreclose a hen upon twenty-five thousand shares of stock in the Gold Point Mines, Inc., alleged to have been pledged to secure the payment of the note.

The second amended complaint alleged the giving of the note by West Central Securities Corporation and the pledge of the stock to secure its payment. It then stated:

“That the pledge of the said certificate of stock for 25,000 shares was well known to the Gold Point Mines,…