Thompson v. Municipal Bond Company

The plaintiff instituted this action on March 12, 1936, for the purpose of recovering the principal and interest of four promissory notes executed by the defendant on September 16, 1932, and made payable to plaintiff or order. The principal sum mentioned in each note was $3,045, and the due date specified in each instrument was October 1,1934. The complaint alleged that the consideration for the execution of each note was the postponement by the plaintiff of the payment of certain amounts which the defendant was obligated to pay to plaintiff by the terms of a written agreement entered into…