Ebensburg Trust Co. v. Pike

Opinion by

Mr. Justice Frazer,

Defendant in 1920 gave to the Navy Smokeless Coal Company a judgment note for $2,500. The note was renewed ten times, the last renewal being a note dated April 10, 1923, payable four months from that date. This last note was assigned to the Cambria Title Savings & Trust Company, now Ebensburg Trust Company, use-plaintiff, and judgment was entered thereon January 20, 1926. On February 8,1928, a petition was presented by' defendant for a rule to open the judgment averring the original note was delivered in payment for the purchase of first mortgage bonds of the Navy…