Murchison v. Hardin

On March 9, 1931, a note for $3,000, payable to the First State Bank of Murchison, Tex., was executed by J. T. Hardin. R. E. Saxon's signature also appears on the note. The note matured on December 31, 1931, and, as far as the record here shows, was never renewed. On May 17, 1932, the bank assigned all of its property, both real and personal, to the Henderson County Investment Company, a corporation, it being agreed that the Henderson County Investment Company should pay all the bank's indebtedness, except $7,300 due the Federal Reserve Bank at Dallas, and $10,000 due the Reconstruction…