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NAVAJO TRIBE v. BANK OF NEW MEXICO

No. 80-2278.

700 F.2d 1285 (1983)

The NAVAJO TRIBE, Plaintiff-Appellee, v. The BANK OF NEW MEXICO, a New Mexico corporation, Defendant-Appellant.

United States Court of Appeals, Tenth Circuit.

February 16, 1983.

Attorney(s) appearing for the Case

Paul D. Barber of Rodey, Dickason, Sloan, Akin & Robb, P.A., Albuquerque, N.M., for plaintiff-appellee.

Robert H. Clark, Albuquerque, N.M. (with John M. Kulikowski and Donald W. Codding, Albuquerque, N.M., on brief), all of Keleher & McLeod, P.A., Albuquerque, N.M., for defendant-appellant.

Before DOYLE and LOGAN, Circuit Judges, and BOHANON, District Judge.

BOHANON, District Judge.

FACTS

Early in 1972 the Navajo Tribe (hereinafter referred to as Tribe) established the Navajo Housing and Development Enterprise (hereinafter referred to as NHDE) in conformity with tribal law. In March, 1974, the Bank of New Mexico loaned $300,000.00 to NHDE. Again in December, 1975, the bank loaned NHDE $32,027.78. However, by November 18, 1976, NHDE was in default to the bank on the notes in the amount of $283,518.96....

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