John E. Mitchell Co. v. Chickasha Cotton Oil Co.

1935 OK 570, 47 P.2d 590, 173 Okla. 272, 1935 Okla. LEXIS 599
CourtSupreme Court of Oklahoma
DecidedMay 21, 1935
DocketNo. 24970.
StatusPublished

This text of 1935 OK 570 (John E. Mitchell Co. v. Chickasha Cotton Oil Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
John E. Mitchell Co. v. Chickasha Cotton Oil Co., 1935 OK 570, 47 P.2d 590, 173 Okla. 272, 1935 Okla. LEXIS 599 (Okla. 1935).

Opinion

PER CURIAM.

Jacobs-Carmack Gin, a corporation, on November 14, 1929, executed to Chickasha Cotton Oil Company, a corporation, its promissory note in the principal sum of $8,000, due one year after date with interest thereon at the rate of 8 per cent, per annum, and as security for the payment of said note Jacobs-Carmack Gin executed a real estate mortgage to Chickasha Cotton Oil Company upon the following property:

“Lots one (1), two (2), three (3), four (4), five (5), six (6), seven (7), eight (8), nine (9), thirteen (13), fourteen (14), fifteen (15), sixteen (10), seventeen (17), eighteen (18), nineteen (19), twenty (20), twenty-one (21), in block seven in the original town of Gibson (Gould P. O.) Okla., according to the record plat thereof, together with all buildings, machinery, and improvements of 'every character now located or which may be hereafter located thereon, consisting of a complete 5-70 saw Continental gin plant with 5-70 saw Hunger huller brush gins and feeders, lint flue, condenser, belt distributor, double box hydraulic press, cleaners, fans and all elevators, conveyors, shafting, pulleys, belting, piping, fittings, fixtures, and connections, and everything necessary to a complete outfit including scales, tools, fire extinguishing supplies and equipment; one 100 H. P. Fairbanks-Morse motor for power and one 10 H. P. Fairbanks-Morse motor for cotton press.”

—which was filed for record in the office of the county clerk of Harmon county November 14, 1929, and is duly recorded in Book 65 at page 486 of the records of. said office. The fifth paragraph of said mortgage reads as follows:

“It is further understood between the parties hereto that all machinery, fixtures, and appliances of every character now in or upon said premises, is and shall continue to be a part and parcel of the security for the payment of the indebtedness owing by said first party under this mortgage, and that no part of said machinery, fixtures or appliances now upon said property or hereafter placed in or upon said property during the life of this mortgage, shall be displaced or removed from its place upon said premises and supplanted by other machinery', fixtures or appliances without the written consent, in advance of the holder of this mortgage; and that if any of said machinery, fixtures or appliances shall be removed from or ..displaced and be supplanted or replaced by other machinery, fixtures or appliances without the written consent in advance' of the holder, of this mortgage, then in that event the holder of this mortgage shall have the right to declare the entire sum remaining unpaid under this mortgage due and payable'at its option and shall have the right to at once demand payment thereof, and if necessary, to institute proceedings to foreclose said mortgage as provided for under the laws of this state. And it is further understood and agreed between the parties, that any and all such additional machinery, fixtures or appliances or attachments to the property hereinbefore described, shall be and at once become a part of the realty, and as security under this mortgage for the payment thereof and a superior lien to any and all claims whatsoever against the mortgagor herein for whatever sum may remain due under this mortgage.”

Concurrently with the execution and delivery of the real estate mortgage, Jacobs-Carmack Gin, a corporation, executed and delivered to Chickasha Cotton Oil Company a chattel mortgage covering—

“A complete 5-70 saw Continental gin plant consisting of 5-70 saw Munger huller brush gins and feeders, lint flue, condenser, belt distributor, double box hydraulic press, cleaners, fans and all elevators, conveyors, shafting, pulleys, belting, piping, fittings, fixtures- and connections and everything necessary to a complete outfit or which may be hereafter added thereto, including' scales, tools, fire extinguishing supplies and equipment. also one 100 H. P. Fairbanks-Morse motor for nower, one 10 H. P. Fairbanks-Morse motor for cotton press. The above property is located on lots 1 to 9, and 13 to 21. inclusive in block 7, .in the town of Gould, Okla.”

• — which said chattel mortgage was filed in the office of the county clerk of Harmon county November. 14, 1929. This chattel mortgage contains the following provision:

“It is understood and agreed between the parties that all machinery, fixtures and ap- *274 plianees of every character now i,n, upon or a Bart of tlie property hereinbefore described and embraced under this mortgage, is to be and remain as it now exists as security hereunder, and that none of the same is to be removed or supplanted by the grantor herein or by any other person without the written 'consent of the holder of this mortgage in advance of such action, and all machinery, fixtures, appliances and additions thereto made or placed in or upon said property shall at once become a part of the security for the payment in full of the sum secured by this mortgage, and that the lien under this mortgage upon any and all additions to said property is and shall be prior and superior to all claims of every character against said mortgagor, or his assigns, and this lien so agreed upon shall attach and become operative in favor of the mortgagee herein upon all machinery, appliances, or attachments, placed in or upon the property hereinbefore described to supplant any machinery, fixtures or appliances embraced in this mortgage.”

August 7, 1930, Jacobs-Carmack Gin, a corporation, executed and delivered to John E. Mitchell Company, hereinafter referred to as plaintiff. its two certain promissory notes in the principal sum of $766.67 each, due and payable December 1, 1930, and December 1, 1931, respectively, with interest thereon from date at the rate of 8 per cent, per annum, and as security for the payment of said notes Jacobs-Carmack Gin, a corporation, executed and delivered to plaintiff a chattel mortgage covering five size 70 Mitchell E. E. C. units located in the gin plant of Jacobs-Carmaek Gin at Gould, Okla., which chattel mortgage was filed in the office of the county clerk of Harmon county August 28, 1930.

Plaintiff instituted this action against Jacobs-Carmack Gin, a corporation, and Ohickasha Cotton Oil Company, a corporation, by filing its petition in the office of the court clerk of Harmon county July 29, 3932 alleging the execution and delivery of the notes above referred to by Jacobs-Car-mack Gin to plaintiff and the execution by Jacobs-Carmack Gin, a corporation, of the chattel mortgage of August 16, 1930, and the filing thereof; further alleging that Ohickasha Cotton Oil Company, a corporation, asserted some right, title, interest, lien and equity in and to the property described in the chattel mortgage of August 16, 1930, the nature and extent of which was unknown to plaintiff, but that any and all such claims and assertions of any right, title, interest, equity, lien and possession of Ohickasha Cotton Oil Company in and to the property covered by the chattel mortgage of August 16, 3930, were junior and inferior to the claim, right, title, lien, and interest of plaintiff in and to said property.

Chic-kasha Cotton Oil Company, hereinafter referred to as defendant, filed its separate answer on September 6, 1932, generally denying the material allegations contained in plaintiff’s petition, and specifically denying that plaintiff had any lien in or upon the five size 70 Mitchell E. E. G.

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Related

Murray Co. v. Chickasha Cotton Oil Co.
1918 OK 428 (Supreme Court of Oklahoma, 1918)
Lundquist v. Olympia National Bank
234 P. 453 (Washington Supreme Court, 1925)
McNally v. Connolly
11 P. 320 (California Supreme Court, 1886)

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Bluebook (online)
1935 OK 570, 47 P.2d 590, 173 Okla. 272, 1935 Okla. LEXIS 599, Counsel Stack Legal Research, https://law.counselstack.com/opinion/john-e-mitchell-co-v-chickasha-cotton-oil-co-okla-1935.