MISENHIMER v. PERKINS OIL COMPANY

No. 5-5209.

451 S.W.2d 864 (1970)

W. W. MISENHIMER, Trustee, and Security Bank, Appellants, v. PERKINS OIL COMPANY, Appellee.

Supreme Court of Arkansas.

April 6, 1970.


Attorney(s) appearing for the Case

Douglas Bradley, Jonesboro, for appellants.

Branch, Adair & Thompson, Paragould, for appellee.


GEORGE ROSE SMITH, Justice.

The question in this case is priority of lien between two real estate deeds of trust, which we will refer to as mortgages, executed by Parsons Gin Company. The earlier mortgage was executed by the gin company on April 30, 1957, and is held by the appellee, Perkins Oil Company. The later mortgage was executed by the gin company on January 5, 1967, and is held by the appellant, Security Bank of Paragould. The chancellor upheld the oil company...

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