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HOLT v. GREGORY

No. 4-9632.

244 S.W.2d 951 (1952)

HOLT v. GREGORY.

Supreme Court of Arkansas.

Rehearing Denied February 4, 1952.

Attorney(s) appearing for the Case

Bon McCourtney, Claude B. Brinton and E. D. McGowan, Jonesboro, for appellant.

W. B. Howard, Jonesboro, for appellee.

HOLT, Justice.

January 23, 1948, L. M. Simmons, operator of a cafe, gave his note to the Citizens Bank of Jonesboro for a loan of $2,400, with his sister-in-law, Lois Cain, and appellant, Holt, as sureties thereon. On the same day, he also executed, as additional security, a chattel mortgage covering the fixtures of the cafe, which contained these recitals: "For the purpose of securing payment of debt and the note evidencing the same, and all renewals arid extensions...

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