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BURROW v. McMAHAN

No. 7323.

376 S.W.2d 850 (1964)

T. B. BURROW et al., Appellants, v. James W. McMAHAN et al., Appellees.

Court of Civil Appeals of Texas, Amarillo.

Rehearing Denied March 16, 1964.

Attorney(s) appearing for the Case

Crenshaw, Dupree & Milam, Lubbock, J. G. Souris, Vernon, Tom Gordon, Abilene, William P. Gibson, Dallas, for appellants.

Cannon B. McMahan, Oklahoma City, Okl., Jenkens, Anson, Spradley & Gilchrist, Dallas, Morriss, Boatwright & Lewis, San Antonio, for appellees.

CHAPMAN, Justice.

The subject matter of this suit concerns the validity of a deed of trust foreclosure by sale on December 7, 1937, by a purported substitute trustee of a portion of an original indebtedness in the amount of $2,000 due the Federal Land Bank in Houston. The delinquent portion assigned by the named lending agency was a semi-annual interest and amortization installment in the amount of $38.34 reduced from $65 because of the legal reduction in interest...

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