Johnston v. Tallman

The opinion of the court was delivered by

Harvey, J.:

Plaintiffs, payees of a promissory note for $5,000, dated March 24, 1921, sued the makers thereof, W. L. Tallman and four others, for the balance due on the note, and also sued Charles W. Johnson, as receiver of the Logan County State Bank, upon the bank’s endorsement of a note for $4,800, dated December 31, 1920, executed by a Mr. Simpson and .wife, payable to the bank and secured by a mortgage on certain real property, which note had been endorsed and the mortgage assigned to plaintiffs as collateral security for the $5,000 note; and also…