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MARSHALL NAT. BANK v. NORWEL EQUIPMENT CO.

Civ. A. No. 83-0149.

607 F.Supp. 1265 (1985)

MARSHALL NATIONAL BANK and J.L. Clark v. NORWEL EQUIPMENT COMPANY v. Gordon WILLIAMS, third party defendant.

United States District Court, W.D. Louisiana, Shreveport Division.

April 30, 1985.

Attorney(s) appearing for the Case

Lawrence L. Jones, Blanchard, Walker, O'Quin & Roberts, Shreveport, La., for plaintiff.

Bobby S. Gilliam and Jerald N. Jones, Wilkinson, Carmody & Gilliam, Shreveport, La., for defendant.

Gordon Williams, Marshall, Tex., pro se.

MEMORANDUM RULING

STAGG, Chief Judge.

Plaintiff sues to recover the unpaid balance due on a promissory note executed by Gordon Williams to procure funds for the purchase of logging equipment from J.L. Clark, including a John Deere 440-B log skidder. A mortgage on all of the equipment secured the debt and it was guaranteed by Mr. Clark, as well. When Mr. Williams failed to pay the installments when due, the bank exercised its option to declare the unpaid...

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