W. K. Henderson Iron Works & Supply Co. v. Meriwether Supply Co.

ST. PAUL, Justice.

The Meriwether Supply Company was placed in the hands of a receiver as a going concern. The receiver acknowledged certain debts of the concern and proceeded to pay thereon three dividends of 10 per cent. each. The Johns-Manville Corporation was a creditor for §6,000 represented by notes bearing interest at 6 per cent, and containing a clause that “in the event of non-payment at maturity it is agreed to pay all attorneys’ fees incurred in the collection of this note or any portion thereof including interest, which fees are hereby fixed at ten per cent, on the amount to be…