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CHOCTAWHATCHEE ELECTRIC COOPERATIVE, INC. v. GREEN

No. 40077.

132 So.2d 556 (1961)

CHOCTAWHATCHEE ELECTRIC COOPERATIVE, INC., Appellant-Petitioner, v. Ray E. GREEN, as Comptroller of the State of Florida, Appellee-Respondent.

Supreme Court of Florida.

Rehearing Denied September 20, 1961.

Attorney(s) appearing for the Case

Roscoe Pickett and Alex Akerman, Jr., of Pickett, Akerman & Shipley, Atlanta, Ga., W.J. Oven, Jr., of Caldwell, Parker, Foster, Madigan & Oven, Tallahassee, for appellant-petitioner.

Richard W. Ervin, Atty. Gen., Joseph C. Jacobs and Sam Spector, Asst. Attys. Gen., for appellee-respondent.

PER CURIAM.

At various times beginning in 1941 and ending in 1957, Choctawhatchee Electric Cooperative, Inc., borrowed $3,002,000 from the United States and executed promissory notes in favor of the United States to evidence such indebtedness. The said promissory notes were secured by real property mortgages on Choctawhatchee Electric Cooperative's Florida holdings, and supplemental agreements relating thereto. The United States, as mortgagee, placed the said mortgages...

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