Black v. Commercial Securities Co.

91 S.W.2d 470
CourtCourt of Appeals of Texas
DecidedJanuary 9, 1936
DocketNo. 10124.
StatusPublished

This text of 91 S.W.2d 470 (Black v. Commercial Securities Co.) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Black v. Commercial Securities Co., 91 S.W.2d 470 (Tex. Ct. App. 1936).

Opinion

LANE, Justice.

On the 6th day of January, 1931, Sidney L. Black and his wife, Hattie Black, were the owners of lots Nos. 10 and 11 in block 6 of Smith & Gibson addition, an addition to the city of Houston, Tex.

On the 6th day of January, 1931, said owners desiring to have certain improvements placed upon such lots entered into a written contract with Barrett Roofing & Asbestos Company, Inc., prior to making such improvements, to make the same, for which the owners agreed to pay such corporation the sum of $320. Evidencing the same to be paid under said contract or agreement, the owners, on the 6th day of January, 1931, executed and delivered to the corporation their joint promissory note, reading as follows:

“320.00 Houston, Tex., Jan. 6, 1931. “For value received, I, we, or either of us, promise to pay to the order of Barrett Roofing & Asbestos Co. Inc., Three Hundred Twenty and no/100 Dollars, payable: $16.00 on the 6th day of February, 1931, and a like amount on the 6th day of 'each consecutive month thereafter until paid in full, the final monthly payment to be the amount of the balance then due, at the office of the Commercial Securities Company, Iiouston, Texas, with interest after maturity at the rate of 10% per annum until paid.
“This note including all installments thereon is secured by a Contract and Mechanic’s and Materialman’s lien. Failure to pay this note or any of the installments thereof when due, shall, at the option of the holder thereof, mature all of said installments then unpaid. In the event an attorney be employed to collect this note, or any installment thereof, by suit or otherwise, the makers hereof agree to pay a reasonable attorney’s fee of not less than 15% of the amount then due. The parties hereto, whether maker, surety or endorser, hereby waive presentment, demand, protest and notice of non-payment; the endorsers and sureties hereby agree to extensions of time of payment hereof without notice to them of such extensions.
“[Signed] Sidney L. Black
“Hattie Black.”

To secure payment of the note, the owners, on the 6th day of January, 1931, jointly executed and delivered to the corporation a mechanic’s lien upon the property.

At the time of the execution and delivery of the note and lien, the owners, Sidney L. Black and Hattie Black, were husband and wife and were at such time and prior thereto claiming and occupying and using said property as their residence homestead, and have continued to so use, occupy, and claim same, and are still so occupying, using, and claiming the same as such homestead.

On the 7th day of January, 1931, the next day after the execution and delivery of the two instruments, the corporation, the orig *471 inal payee, for a valuable consideration sold, transferred, and delivered the two instruments to the Commercial Securities Company, a corporation.

On the 30th day of January, 1932, the Commercial Securities Corporation, the owner and holder of the two instruments, brought this suit against Black and wife, and for cause of action alleged and prayed as follows:

“That the total amount of the principal unpaid upon said note is the sum of tw'o hundred nine and 50/100 dollars ($209.50), which amount has been declared due and payable, and all of which is now past due and in default. That in addition to said principal, plaintiff is entitled to recover interest at the rate of ten (10) per centum per annum from and after the 9th day of November, 1931, on said sum of $209.50, and further to recover as attorney’s fees fifteen (15) per cent, of the total amount of such principal and interest, and the further sum of one and 25/100 dollars (1.25), which has been paid by plaintiff as recording fees, and plaintiff has employed the attorneys filing this suit to collect the said note, and has agreed to pay them fifteen per cent, of the principal and interest as aforesaid for their fee, which is a reasonable fee for said services, all of which defendants have failed and refused, and still fail and refuse to pay to plaintiff’s great damage.
“That the aforesaid lien is still subsisting and unreleased, and exists to secure all of the indebtedness aforesaid, and plaintiff is entitled to a foreclosure of such lien.
“Wherefore, plaintiff prays that defendants, and each of them, be cited to appear and answer herein, and that upon trial plaintiff have judgment against defendants, and each of them, for the said principal, interest, attorney’s fees, and for a foreclosure of the aforesaid lien as it existed upon the 6th day of January, 1931, for costs of court, and for such other and further relief, general, or special, at law or in equity, to which plaintiff may be entitled.”

Defendants answered by general demurrer, general denial, and specially alleged that the property described in plaintiff’s petition is now, and was at the time of the execution of said note, their residence homestead, and prayed that they be adjudged to go hence without day.

By the reading of plaintiff’s petition, the agreed facts upon which the cause was tried, and the judgment rendered, it is shown: (1) That at the time this suit was filed there remained unpaid of the principal of the note $208; (2) that plaintiff sues for 10 per cent, per annum interest on the balance due on the note, to wit, $208, from the 9th day of November, 1931; (3) for 15 per cent, on the sum due as principal and interest on the note as above stated as an attorney’s fee; and (4) for $1.25 as a recording fee.

The case was tried before the court without a jury, and upon the pleadings and the agreed statement of facts, the court, on the 30th day of May, 1933, rendered judgment for plaintiff against defendants for the sum of $208, as the unpaid balance of the principal of said note, together with 10 per cent, per annum interest thereon from the 9th day of November, 1931, to the date of the judgment, and for 10 per cent, interest per annum on the judgment so rendered from the date thereof until paid, and for the further sum of $68.25, together with 6 per cent, interest per annum thereon from date of judgment, there being no recital of the items for which said sum of $68.25 was rendered. The court further adjudged and decreed that the plaintiff should recover judgment against defendants for a foreclosure of the mechanic’s lien claimed by plaintiff upon the property of the defendants described in plaintiff’s petition, together with an order of sale to satisfy the judgment rendered and for costs of suit.

From such judgment defendants, Black and wife, have appealed.

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Bluebook (online)
91 S.W.2d 470, Counsel Stack Legal Research, https://law.counselstack.com/opinion/black-v-commercial-securities-co-texapp-1936.