Leonard v. Sehman

This cause was submitted upon a stipulation of facts, from which it appears that, on or about the 1st day of May, 1921, the appellee borrowed $500 from the appellant, and executed and delivered to the appellant his promissory note for said amount, and, to secure the payment thereof, delivered to the appellant, as collateral security, five bonds of the Farm Publishing Company, of the par value of $100 each. The said bonds were part of a series of a total of $51,000, executed by the Farm Publishing Company, all of which were secured by a trust deed of the property of the said Farm Publishing…