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MOTHERSHEAD v. DOUGLAS

No. 4-9560.

243 S.W.2d 761 (1951)

MOTHERSHEAD et al. v. DOUGLAS et al.

Supreme Court of Arkansas.

Rehearing Denied December 17, 1951.

Attorney(s) appearing for the Case

R. W. Tucker, Batesville, for appellants.

Chas. F. Cole, Batesville, for appellees.

ROBINSON, Justice.

In 1948, a corporation, the Polk-Southard Company, owned considerable property used in the business of mining and processing ore. A. C. Hendrix and A. R. Hendrix held a mortgage on the personal property, securing a note in the sum of $45,000. E. P. Douglas was president of the Polk-Southard Company; J. Roy Nuchols was treasurer, and the other appellees herein were directors and stockholders.

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