City Savings Bank & Trust Co. v. Goodman

This is a suit upon a promissory note for $3,000, with interest thereon at the rate of 8 per cent, per annum from December 30, 1921, and 10 per cent, on the principal and interest as attorneys’ fees. The note is secured by a chattel mortgage on an automobile and a pledge and pawn of 35 shares of stock in the Pelican Corporation of Shreveport, La.

The petition alleges that plaintiff is the holder and owner of the note for value before maturity. ■ Plaintiff obtained an order of court and sequestered the automobile. Defendants filed their answer to the suit, and also filed a motion to dissolve…