Franks v. Receiver of Booneville Banking Co.

L. A. Smith, Sr., J.,

delivered the opinion of the court.

On January 28,1927, the Booneville Banking Company was a going hanking corporation, and on that date Mr. and Mrs. H. L. Hill owed it $4,974.88, which was evidenced by their joint promissory note in such amount due and payable October 1st following. The note was signed at Seminole, Oklahoma, where both makers then resided, and Mr. Hill died there in 1945. After his death, Mrs. Hill returned to Mississippi. The note was payable at Booneville, Mississippi, and was secured by a life insurance policy on the life of Mr. Hill and a second deed…