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McGEE v. RECONSTRUCTION FINANCE CORP.

No. 13682.

195 F.2d 396 (1952)

McGEE et al. v. RECONSTRUCTION FINANCE CORP. et al.

United States Court of Appeals Fifth Circuit.

Rehearing Denied June 18, 1952.

Attorney(s) appearing for the Case

Mark McGee, Fort Worth, Tex., J. E. McLemore, Jr., Dallas, Tex., Charles P. Atkinson, Austin, Tex., J. M. Donald, Bowie, Tex., for appellants.

Robert S. Strauss, Frank G. Newman, Irving L. Goldberg, Ben H. Fly (RFC Loan Agency), Dallas, Tex., for appellees.

Before BORAH, RUSSELL, and RIVES, Circuit Judges.

RUSSELL, Circuit Judge.

The trial had in the Court below was initiated by the filing of a complaint by Reconstruction Finance Corporation, for and on behalf of itself and Mercantile National Bank of Dallas, seeking to foreclose liens against certain equipment and securities alleged to have been pledged as collateral to secure a loan in the original amount of $230,000. The loan was evidenced by a note dated March 26, 1946, payable to Mercantile National Bank and signed...

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