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BULLA v. VALLEY NATIONAL BANK OF PHOENIX

No. 5970.

82 Ariz. 84 (1957)

308 P.2d 932

John G. BULLA, Appellant, v. The VALLEY NATIONAL BANK OF PHOENIX, a national banking association, Appellee.

Supreme Court of Arizona.

March 26, 1957.

Attorney(s) appearing for the Case

Moore & Romley, Phoenix, for appellant.

Gust, Rosenfeld, Divelbess & Robinette, Phoenix, for appellee.

WINDES, Justice.

Arizona Airways, Inc., an Arizona public service corporation, was indebted to the Valley National Bank in the total sum of $72,652.50 secured by a lien on 114 airplane engines and certain propellers and instruments. This company was seeking from the Civil Aeronautics Board a certificate as an interstate carrier of passengers, property and mail. The CAB had announced its purpose to grant the certificate on condition that Arizona Airways improve its...

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