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PLUMBING SUPPLY HOUSE v. CENTURY NAT. BANK

Nos. C A 0363, C A 0574.

440 So.2d 173 (1983)

PLUMBING SUPPLY HOUSE, INC. v. CENTURY NATIONAL BANK. CENTURY NATIONAL BANK v. PLUMBING SUPPLY HOUSE, INC.

Court of Appeal of Louisiana, Fourth Circuit.

Rehearing Denied November 22, 1983.

Writs Denied January 27, 1984.

Attorney(s) appearing for the Case

Kehl, Pickering, Cotogno & Delsa, Kenneth E. Pickering, Claudia Sue Dunn, New Orleans, for defendant-appellee.

Leefe & Roniger, Guy L. Leefe, New Orleans, for plaintiff-appellant.

Before GARRISON, BYRNES and WILLIAMS, JJ.

BYRNES, Judge.

This is a consolidated appeal arising out of foreclosure proceedings instituted by appellee, Century National Bank (hereinafter CNB), against Plumbing Supply House Inc. (hereinafter PSH), and its owners Mr. and Mrs. Milton H. Girard.

On January 24, 1978 PSH executed a promissory note in favor of CNB in the amount of $250,000.00, payable on demand. In order to secure this note PSH executed the following documents; a collateral chattel

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