Arnesto Paint Co. v. Brush

Two years ago the defendant Brush gave to Harold M. Blanchard as trustee, a mortgage on chattels in a store at Bogota. There was no actual change of possession of the things mortgaged and hence, under the Chattel Mortgage act (Comp. Stat. p. 463), the mortgage was void as against Brush's creditors, unless the mortgage with the affidavit required by the statute was immediately recorded. The mortgage was indeed recorded with an affidavit by the mortgagee stating that the consideration was certain promissory notes aggregating $3,600, but such a statement of the consideration is insufficient,…