First Nat. Bank of Quitaque v. Pointer

51 S.W.2d 781, 1932 Tex. App. LEXIS 635
CourtCourt of Appeals of Texas
DecidedJune 22, 1932
DocketNo. 3853.
StatusPublished

This text of 51 S.W.2d 781 (First Nat. Bank of Quitaque v. Pointer) 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
First Nat. Bank of Quitaque v. Pointer, 51 S.W.2d 781, 1932 Tex. App. LEXIS 635 (Tex. Ct. App. 1932).

Opinion

HALL, C. J.

This appeal is submitted- upon an agreed statement under R. S. art. 1S37, subdivision 2, and art. 22S0. The substance of the said statement is as follows:

On the 17th day of July, 1931, the First National Bank of Quitaque, Tex., filed suit in the district court of Briscoe county, Tex., against L. V. Pointer, J. B. Spillman, D. W. Fyffe, the Southern Plow Company, the Southern Rock Island Plow Company, the *782 First National Bank of Floydada, Tex., the W. C. Cowan -Grain Company, the Farmers’ Grain- Company, and the Oklahoma Wheat Pool Elevator Corporation, alleging in substance that the defendants Pointer and Spill-man, on October 23, 1930, had executed a note to the plaintiff, which said note was subsequently renewed, in the sum of $1,-249.10, and at the same time executed to the plaintiff as security for said note a chattel mortgage on their two-thirds interest in 600 acres of wheat then being sown and to be sown on section 39 in block B-3, Briscoe county, Tex.; that said wheat had been harvested and the two-thirds interest had been stored and placed in the three elevators of the defendants W. C. Cowan Grain Company, Farmers’ Grain Company, and the Oklahoma Wheat Pool Elevator Corporation, all at Tulia, Tex. Plaintiff prayed for judgment for its debt and foreclosure of its chattel mortgage lien, and also asked the court to declare its chattel mortgage lien superior to any liens claimed by other defendants.

The defendants D. W. Fyffe, Southern Plow Company, L. V. Pointer, and J. B. Spillman, though duly cited, defaulted.

The First National Bank of Floydada, Tex., filed answer, and all parties agreed that said First National Bank of Floydada, Tex., had a valid and prior first lien on one-third of one-fourth of the wheat produced and harvested off of said 600 acres by virtue of a valid assignment made to it by D. W. Fyffe and that said bank should recover that amount of bushels, or the proceeds of the sale thereof.

The W. C. Cowan Grain Company answered, tendering into court the sum of $181.89, being the proceeds of all wheat delivered to it involved in this controversy, and claimed to be merely a stakeholder, asking for $10 attorney’s fees for answering. Ttje Farmers’ Grain Company tendered into court the sum of $484.13, being the proceeds of all wheat delivered to it in controversy herein, claimed to be a stakeholder, and asked for $15 attorney’s fees. The Oklahoma Wheat Pool Elevator answered by tendering into court the sum of $100.16, being the proceeds of said wheat in controversy herein, and asked to be discharged with its costs.

That the total value of said wheat involved is $760.13, and is tendered into court.

The Southern Rock" Island Plow Company filed answer, alleging that D. W. Fyffe was the owner of the land and Spillman and Pointer were joint tenants, renting the said land from Fyffe to sow 'a wheat crop during the year 1930, paying rent therefor of one-third of the wheat produced; that said Southern Rock Island Plow Company claimed a lien on said two-thirds of the wheat produced on said COO acres of land by virtue of an as-’ signnient to it by D. W. Fyffe of two notes executed by L. V. Pointer and J. B. Spill-man in settlement for two certain farm tractors, one grain drill, and one plow, sold to said L. V. Pointer and J. B. Spillman by D. W. Fyffe, and used by said. Pointer and Spill-man in planting and tending said wheat, the two said notes being as follows: One for $550.76, dated September 1, 1930, due July 1, 1931; and one for $425, dated September 10, 1930, due July 1, 1931. That said two notes were assigned and transferred to Southern Rock Island Plow Company by D. W. Fyffe before maturity for a valuable consideration ; have not been paid, but are still valid obligations due and owing to said plow company, and the said Southern Rock Island Plow Company prays for judgment declaring its lien prior to the lien held by the plaintiff.

The following facts were proved on. the trial of said cause:

That D. W. Fyffe was the owner of the land during the years 1930 and 1931 when the wheat was harvested; that he rented the land to L. V. Pointer and J. B. Spillman in the spring of 1930, and that the rental contract was for the joint tenants to. sow said COO acres of land in wheat in the fall of 1930 and harvest it in 1931, and to pay as rent therefor one-third of the wheat produced on said land; that D. \V. Fyffe sold to the tenants two certain farm tractors, one wheat drill, and one cylinder plow to enable them to plant and sow said wheat, and as settlement therefor the said Fyffe took their two certain notes as alleged, on September 1,1930, and September 10, 1930, said two notes being secured by reserving a lien on said machinery to secure the purchase price, as well as the statutory landlord’s lien on' the crops produced on said laud; that on or about the dates of the respective notes executed by Pointer and Spillman to Fyffe, the said Fyffe transferred and assigned the two said notes-by indorsement to the Southern Rock Island Pl'ow Company for a valuable consideration, which notes were introduced in evidence.

That after the execution of the notes by Pointer and Spillman to Fyffe, and after the-assignment of the said notes by Fyffe to the Southern Rock Island Plow Company, the said D. W. Fyffe went to the First National Bank of Quitaque, Tex., the plaintiff herein, and requested said bank to advance the necessary money to Pointer and .Spillman to enable them, to purchase seed, gasoline, oils, supplies, and pay labor to enable them to plant said wheat crop of 000 acres; that if said Bank would, advance said money to his tenants, he, the-said Fyffe, the landlord, would waive any lien he might have to the two-thirds interest of the tenants to the extent of the money advanced by said bank to Pointer and Spillmaa to enable them to plant said crop; and that,, acting upon the request of said Fyffe and of the said Pointer and Spillman, the said; *783 First National Bank of Quitaque, Tex., did advance to said tenants the sum of $1,240.10, as evidenced by their note, and to secure the payment of the note the tenants, Pointer and Spillman, did on the 28d day of October, 1930, execute and deliver to the plaintiff a chattel mortgage on the two-thirds interest of the tenants in said 600 acres of wheat, which said mortgage was duly recorded.

That the money was used by Pointer and Spillman in planting and tending said wheat; that the wheat was harvested in June of 1931, and the two-thirds interest thereof was deposited in the elevators at Tulia, Tex., and that after paying the cutting and hauling expenses, there was left the sum of $766.18, which was tendered into court by the said elevators as alleged.

That at the time the said D. W.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Frith v. Wright
173 S.W. 453 (Court of Appeals of Texas, 1915)
David v. Roe
271 S.W. 196 (Court of Appeals of Texas, 1925)
Caswell v. Lensing & Bennett
183 S.W. 75 (Court of Appeals of Texas, 1915)
Heisig v. Vaughan Gardner
15 S.W.2d 113 (Court of Appeals of Texas, 1929)
Murray v. Able
19 Tex. 213 (Texas Supreme Court, 1857)

Cite This Page — Counsel Stack

Bluebook (online)
51 S.W.2d 781, 1932 Tex. App. LEXIS 635, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-nat-bank-of-quitaque-v-pointer-texapp-1932.