IN RE NATIONAL MILLS

No. 8147.

133 F.2d 604 (1943)

In re NATIONAL MILLS, Inc. VanAUSDALL et al. v. McCANON.

Circuit Court of Appeals, Seventh Circuit.

February 13, 1943.


Attorney(s) appearing for the Case

Samuel E. Hirsch, Julian H. Levi, and Wm. Ruger, all of Chicago, Ill., and Chester A. Groves, of Quincy, Ill., (Wilhartz & Hirsch, of Chicago, Ill., of counsel), for appellants.

Carl G. Schmiedeskamp, of Quincy, Ill., for appellee.

Before MAJOR, and KERNER, Circuit Judges, and LINDLEY, District Judge.


MAJOR, Circuit Judge.

This is an appeal from a decree of the District Court, entered July 6, 1942, holding invalid a chattel mortgage, executed March 10, 1938, to secure a certain promissory note in the principal amount of $10,000.00, wherein National Mills, Inc., a corporation (subsequently the Bankrupt) was the mortgagor and First United Finance Corporation (hereinafter referred to as the Finance Corporation) was the mortgagee. On November 5, 1938, the mortgage...

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