First National Bank v. Johnson

This is an action to determine the priority of chattel mortgage liens. The cause was submitted on an agreed statement of facts and the court found in favor of plaintiff ánd this appeal followed.

March 14, 1924, L. W. Guthrie gave his note to plaintiff bank for $388.29, due October 29, 1924. To secure this note Guthrie, on same date, gave to plaintiff a chattel mortgage on his half interest in forty acres of cotton to be thereafter planted on a certain described farm in Butler county. This mortgage was filed March 22, 1924. April 12, 1924, defendant R. "W. Johnson gave a note to plaintiff bank…