First Nat. Bank of Auburn v. American Finance Corp.

GOODWYN, Justice.

This is an appeal from a final decree of the circuit court of Lee County, in equity, granting relief to the complainant (appellee), the American Finance Corporation of Alabama, as prayed for in its bill for declaratory judgment, denying relief to the respondent and cross-complainant (appellant), The First National Bank of Auburn, Alabama, as prayed for in its cross-bill, dismissing said cross-bill and assessing the costs against respondent. For convenience, appellant will be sometimes referred to herein as the “Bank” and appellee as “American Finance.”

The question to be…