Houston Land & Trust Co. v. Sheldon

PUNDERBURK, Justice.

On 'September 19, 1930, Mrs. Nellie Howard B.urgle Bates, while insane (having become so, as found by the court, on August 2S, 1930), executed a note to Houston Land & Trust Company (hereinafter called the bank) for the principal sum of $5,000 due April 5, 193-2, bearing 7 per cent, interest. At the same time, as collateral security for said note, she indorsed a $15,000 note secured by vendor’s lien and deed of trust lien on certain lands in San Antonio, with transfer of said note and liens; said collateral note being payable to her deceased mother, but owned by her as…