Riverside Portland Cement Co. v. Anchor Laundry Co.

July 25, 1919, the appellant executed the contract set out in full in Riverside Portland Cement Co. v. Anchor Laundry Co., 75 Cal. App. 286, 288 [242 Pac. 879], by the terms of which he assigned 200 shares of the capital stock of the Anchor Laundry Company (then held by the Heilman Commercial Trust & Savings Bank in pledge to secure the payment of his two promissory notes in the total sum of $18,400) as security for the payment of a series of notes of $5,000 each executed by him and payable to the plaintiff. The first of these notes became due and payable May 6, 1918; the second June 5, 1918,…