Wilhelm v. Ryband

This is an appeal from a decree foreclosing a real estate mortgage securing fifteen $1,000.00 bonds, executed by one August C. Riechers, Trustee, payable to Peoples Co-operative State Bank, of Hammand, Indiana, Trustee, or bearer.

The appellants, who are the present owners of the real estate covered by said mortgage, insist that said bonds and said mortgage are void.

The facts of the case which the court might properly have found under the pleadings on the evidence as stipulated and introduced are as follows: On December 29, 1926, the Peoples Co-operative State Bank of Hammond, Indiana,…