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MOORE v. FIRST NATIONAL BANK OF ABILENE

No. 21313.

345 F.2d 638 (1965)

Harry MOORE, Trustee of the Estate of Billie Sol Estes, Bankrupt, Appellant, v. FIRST NATIONAL BANK OF ABILENE, Appellee.

United States Court of Appeals Fifth Circuit.

May 21, 1965.

Attorney(s) appearing for the Case

Allan L. Poage, El Paso, Tex., for appellant.

Stanley P. Wilson, McMahon, Smart, Sprain, Wilson & Camp, Abilene, Tex., for appellee.

Before GEWIN and BELL, Circuit Judges, and McRAE, District Judge.

McRAE, District Judge.

On May 14, 1957, Billie Sol Estes (Estes) executed and delivered his promissory note for $16,000.00 to the First National Bank of Pecos which transferred the note to the First National Bank of Abilene (Abilene). The note was due October 27, 1957, and the security for this note was the execution and delivery of a separate Collateral Agreement.1 Thereafter, Estes renewed this indebtedness from time to time by the execution...

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