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HULSEY v. COTTON STATES FERTILIZER CO.

No. 6001.

45 F.2d 388 (1930)

HULSEY v. COTTON STATES FERTILIZER CO.

Circuit Court of Appeals, Fifth Circuit.

December 8, 1930

Attorney(s) appearing for the Case

Fred L. Brewer and G. Fred Kelley, both of Gainesville, Ga., for appellant.

T. Baldwin Martin, of Macon, Ga. (Martin, Martin, Snow & Gillen, of Macon, Ga., on the brief), for appellee.

Before BRYAN, FOSTER, and WALKER, Circuit Judges.

FOSTER, Circuit Judge.

In this case the facts are undisputed. In April, 1927, Ansley A. Reese was indebted to the Southern States Fertilizer Company, appellee, in the amount of $3,949.37, and on April 7th of that year he executed an assignment of a life insurance policy to it, which, omitting immaterial parts, was as follows:

"For value received, I hereby transfer, assign and set over absolutely unto Cotton States Fertilizer Company (as its interest may appear...

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