General Parts Corp. v. First Trust & Savings Bank

Apperson Brothers Automobile Company was for many years engaged in the manufacture of automobiles and automobile parts in the city of Kokomo. On October 1, 1923, the company issued bonds in the amount of $700,000, to secure the payment of which it executed and delivered to the First Trust and Savings-Bank and George L. Davis, trustees, appellees herein, a mortgage on its real estate “together with all buildings, machinery, tools and apparatus (the same being hereby declared to be fixtures) now located or hereafter located or erected thereon; together with all and singular the tenements,…