Hibernia Bank & Trust Co. v. Boyd

This cause is before us by writs of certiorari to the Court of Appeals, issued on the petitions of both parties.

We shall state herein only so much of the case necessary to the consideration of the points discussed.

The defendant, Boyd, was the executive officer of Dixie Refining Company, incorporated, the debtor by note of the complainant, Hibernia Bank and Trust Company, in the principal sum of $190,824.97. Boyd bound himself personally as guarantor of the payment of this debt, and subsequently delivered to a trustee several items of personal property to be held as collateral to secure his…