North Dakota-Montana Wheat Growers' Ass'n v. United States

KENYON, Circuit Judge.

This is a suit in equity brought by the United States to foreclose a real estate mortgage upon certain property in Hennepin county, Minn., given by appellant to secure the payment of a $25,000 loan made to appellant by the Federal Farm Board (herein termed the Farm Board) from the revolving fund provided by the Agricultural Marketing Act (7 USCA §§ 521-535). Appellant is a co-operative association, organized under the laws of the state of North Dakota. For convenience the parties will be designated as in the trial court.

There is no dispute as to the loan being made and…