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SOUTHERN MISSISSIPPI PLANNING v. ALFA GENERAL INS. CORP.

No. 2000-CA-01193-SCT.

790 So.2d 818 (2001)

SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT, A Mississippi Non Profit Corporation and A Planning and Development District v. ALFA GENERAL INSURANCE CORPORATION.

Supreme Court of Mississippi.

July 19, 2001.

Attorney(s) appearing for the Case

William W. Abbott, Jr., Hugh D. Keating, Gulfport, Attorneys for Appellant.

Thomas C. Anderson, David M. Ott, Hattiesburg, Attorneys for Appellee.

Before BANKS, P.J., WALLER and COBB, JJ.

WALLER, J., for the Court:

¶ 1. This is a contest between lien creditors concerning the priority of their secured position in real property located in Lucedale, George County, Mississippi, on which, during better times, a business known as Kennedy Furniture Company operated. Peoples Bank (Peoples) and Southern Mississippi Planning and Development District (the District) loaned money to the Kennedys with Peoples having a first mortgage. After a fire loss of questionable...

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