Kay v. Furlow

OVERTON, Justice.

In 1931, defendant, who is a practicing attorney in New Orleans, being in need of mon ey, granted a chattel mortgage on • his law library and office furniture, by notarial act, for the sum of $550, this sum being represented by five promissory notes, made by him, each for the sum of $110, and containing clauses as to 8 per cent, interest and 10 per cent, attorney’s fees. One note is made payable each month, and all were made payable to defendant’s order, and were by him indorsed in blank.

Defendant defaulted in the payment of the notes, and plaintiff, who is the holder of the…