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CITY NAT. BANK OF DOTHAN v. FIRST NAT. BANK OF DOTHAN

4 Div. 382.

232 So.2d 342 (1970)

CITY NATIONAL BANK OF DOTHAN, a National Banking Institution v. The FIRST NATIONAL BANK OF DOTHAN, a National Banking Institution.

Supreme Court of Alabama.

February 26, 1970.

Attorney(s) appearing for the Case

Richard H. Ramsey, III, J. Huntley Johnson, Dothan, for appellant.

Farmer & Herring, Dothan, for appellee.

BLOODWORTH, Justice.

This is an appeal by City National Bank from a judgment establishing the priority of notes and mortgages held by First National Bank over notes and mortgages held by City National Bank, and awarding First National Bank the proceeds of its mortgage foreclosure sale.

The facts of the case were stipulated. J. Lee Benton and wife executed and delivered to the First National Bank three promissory notes prior to July 8, 1965. On that date they...

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