In re Handy-Andy Stores of Louisiana, Inc.

This matter comes before the court upon a petition of the trustee to superintend and revise the ruling of the referee sustaining the claim of the First National Bank of Shreveport to a chattel mortgage lien upon all of the fixtures in the stores operated by the bankrupt. The trustee and a creditor opposed the lien as invalid under the provisions of Act 270 of the Louisiana Legislature of 1926.

I adopt, as part of my findings of fact, those facts found by the referee, as follows:

“It appears from the record that the bankrupt wished to borrow the sum of $15,-000.00, and it procured the services…