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CENTRAL BANK v. BUILDERS SERVICE, INC.

No. 4445.

291 So.2d 530 (1974)

CENTRAL BANK, Plaintiff-Appellant, v. BUILDERS SERVICE, INC., Defendant-Appellee.

Court of Appeal of Louisiana, Third Circuit.

March 12, 1974.

Attorney(s) appearing for the Case

Snellings, Breard, Sarto, Shafto & Inabnett, by W. S. Shafto, Jr., Monroe, for plaintiff-appellant.

Gahagan & Kelly, by Marvin F. Gahagan, Natchitoches, for defendant-appellee.

Before FRUGE, CULPEPPER and WATSON, JJ.

WATSON, Judge.

Plaintiff, Central Bank, a Louisiana bank, is the holder of a promissory note executed by L. Milton Hale on behalf of Hale Electric Company in the face amount of $28,562.79. A credit of $250 dated 3/17/72 and a balance of $28,312.79 are indicated on the reverse of the note. The note states that it is secured by: "Assignment of Work Contract in the amount of $149,625.00 dated 7-31-70 for Federal Housing Project...

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