Washington Bank & Trust Co. v. Cowan-Kerr Lumber Co.

This is a contest between the plaintiff, Washington Bank & Trust Company and interveners and third opponents, Edwards & Bradley (hereinafter styled interveners), over the proceeds of the sale of certain sawmill machinery and other property under executory proceedings to foreclose a chattel mortgage.

The court below rejected the demand of interveners and ordered the proceeds of sale paid over to plaintiff. The present appeal is prosecuted by interveners from said judgment.

The facts are undisputed. Some, two years prior to the execution of the chattel mortgage, the defendant lumber company…