S. M. Williamson & Co. v. Ragsdale

Mb. Special Justice Smith

delivered the opinion of the Court.

From a decree overruling their demurrer, the chancellor granted leave to the defendants to appeal to this court, and here eight errors have been assigned.

The bill in substance alleges that in November, 1928, the Quarterly Conference of the Methodist Episcopal Church South passed a resolution authorizing the trustees of St. Paul Methodist Episcopal Church South of Memphis, Tennessee, to borrow $35,000, and that pursuant to such resolution the trustees applied to S. M. Williamson & Co., a corporation, for the loan to be secured by a…