Lincoln County Bank v. Maddox

114 S.W.2d 821, 21 Tenn. App. 648, 1937 Tenn. App. LEXIS 66
CourtCourt of Appeals of Tennessee
DecidedOctober 30, 1937
StatusPublished
Cited by5 cases

This text of 114 S.W.2d 821 (Lincoln County Bank v. Maddox) is published on Counsel Stack Legal Research, covering Court of Appeals of Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lincoln County Bank v. Maddox, 114 S.W.2d 821, 21 Tenn. App. 648, 1937 Tenn. App. LEXIS 66 (Tenn. Ct. App. 1937).

Opinion

FAW, P. J.

It is sought by the original bill, and by a cross-bill filed by one of the defendants to the original bill, in this case to obtain judgments against B. P. Maddox and his wife, Johnnie Maddox, and Dr. D. T. Hardin, on certain notes described in the pleadings, and to set aside, as fraudulent and void, certain conveyances *651 of real estate made by tbe defendant Dr. D. T. Hardin to and for tbe benefit of bis wife and codefendant Mrs. Elzie Hardin.

Tbe complainants in tbe original bill are tbe Lincoln County Bank and tbe Blanche Banking Company, Tennessee corporations, with their respective places of business located in Lincoln county, Tenn.; and tbe parties named as defendants to tbe' original bill are B. P. Maddox and bis wife, Mrs. Johnnie Maddox, D. T. Hardin and bis wife, Mrs. Elzie Hardin, tbe Elk National Bank, a corporation organized under tbe laws of tbe United States with its principal place of business in tbe town of Fayetteville, Lincoln county, Tenn., John D. McDowell, receiver of tbe said Elk National Bank, Robert Fulton, clerk and master of tbe chancery court of Lincoln county, Tenn., tbe Union Central Life Insurance Company, an Ohio corporation, with its situs at Cincinnati in tbe state of Ohio, and Jesse R. Clark, trustee, a nonresident of tbe state of Tennessee and resident of tbe state of Ohio.

Tbe Elk National Bank and its receiver, John D. McDowell, answered the original bill, and filed their answer as a cross-bill against D. T. Hardin and wife, Elzie Hardin, B. P. Maddox and bis wife, Mrs. Johnnie Maddox, tbe Lincoln County Bank, Blanche Banking Company, and Robert Fulton, clerk and master, etc. (all of whom were parties to tbe original bill), and also against Mrs. Harriett D. Sbeddan, a resident of Lincoln county, Tenn.

Later, tbe original complainants, by leave of tbe court, filed an amended and supplemental bill, by which they brought in as additional defendants Mrs. Harriett D. Sheddan and M. F. Childress, residents of Lincoln county, Tenn.

No answer was filed or other defense made by B. P. Maddox and wife, Johnnie Maddox, Robert-Fulton, clerk and master, etc., Mrs. Harriett D. Sbeddan, M. F. Childress, Union Central Life Insurance Company, and Jesse R. Clark, trustee, or either of them, to the complainants’ bills or to tbe aforesaid cross-bill, and tbe cause was beard on pro confesso decrees against them, both under tbe complainants’ bills and the cross-bill.

The original bill was filed on April 3, 1934, and it appears from allegations therein and from tbe proof that theretofore, to wit, on January 17, 1934, tbe assets of the complainant Blanche Banking Company, including the note on which complainant sues in this ease, were transferred and conveyed to its cocomplainant, tbe Lincoln County Bank, and tbe Lincoln County Bank was the bolder and owner of said note at the time tbe original and amended and supplemental bills were filed; hence tbe Lincoln County Bank is tbe real party complainant in the original and amended and supplemental bills.

It also appears from pleadings and proof that John D. McDowell was duly appointed receiver of tbe Elk National Bank in the month *652 of March, 1934, and has been in the active discharge of his duties., as such receiver since that time; hence he would be entitled, as such receiver, to any recovery which might be obtained under the aforesaid cross-bill.

The Elk National Bank and its receiver admitted, in their answers, all the material allegations of complainants ’ bills, and sought no relief by their cross-bill adverse to the original complainants. The case narrowed down to a contest between the Lincoln County Bank and John D. McDowell, receiver of the Elk National Bank, on one side, and Dr. D. T. Hardin and his wife, Mrs. Elzie Hardin, on the other side. The decree of the chancery court was adverse to defendants D. T. Hardin and wife, and they have appealed and assigned errors.

The pleadings are voluminous. They occupy approximately seventy-seven pages of the transcript (not including numerous documentary exhibits thereto), and consist of the following: (1) The original bill; (2) demurrer of D. T. Hardin and wife to the original bill; (3) the answer of D. T. Hardin and wife to the original bill; (4) the answer and cross.-bill of Elk National Bank and John D. McDowell, its receiver; (5) the demurrer of D. T. Hardin and wife to the cross-bill; (6) the answer of the original complainants to the cross-bill; (7) an amendment to the cross-bill; (8) the amended and supplemental bill of the original complainants; (9) demurrer of D. T. Hardin and wife to the amended and supplemental bill of the original complainants; (10) demurrer of D. T. Hardin and wife to the amended cross-bill; (11) a motion of D. T. Hardin and wife to quash the attachment and dissolve the injunction granted under the original and amended and supplemental bills of the original complainants'; (12) a motion of D. T. Plardin and wife to quash the attachment and dissolve the injunction granted under the cross-bill; (13) the answer of D. T. Hardin and wife to the amended and supplemental bill of the original complainants; (14) the answer of D. T. Hardin and wife to the cross-bill and amended cross-bill; (15) the answer of John D. McDowell, receiver, to the amended and supplemental bill of the original complainants; and (16) the answer of the original complainants to the amended cross-bill.

It would extend this opinion to an unreasonable length and would serve no useful purpose to recite herein the contents of each and all of the aforesaid pleadings.

The chancellor’s findings of facts are incorporated in his decree,- and he has therein and thereby adjudicated the material and determinative issues made by the pleadings. It is now our duty to decide whether or not the appellants, D. T. Hardin and wife, Elzie Hardin, have, by their assignments of error, pointed out any error in the decree of the chancery court.

The chancellor found that B. P. Maddox and wife, and D. T. Har *653 din, are justly indebted to the Lincoln County Bank by note dated April 22, 1931, payable to the order of Blanche- Banking Company four months after its date, and indorsed to the Lincoln County Bank, for the principal sum of $1,335.46, and which note provides for payment of interest and for attorney’s fees of 10 per cent, if placed in the hands of an attorney for collection, and upon which note there is due and owing as of this date (September 14, 1936), of principal, interest, and attorney’s fees, the total sum of $1,913.98.

The chancellor also found that B. P. Maddox and wife, and D. T. Hardin, are justly indebted to John D. McDowell, receiver of the Elk National Bank, by note dated October 2, 1933, for the principal sum of $593, less a credit of $14.86, leaving the principal sum of $578.14 due and owing, and the further sum of $99.44 interest thereon, and a reasonable attorney’s fee $101.63, making the total sum of $779.21.

The chancellor thereupon adjudged and decreed that complainant, the Lincoln County Bank, recover of B. P. Maddox and wife, Johnnie Maddox, and D. T. Hardin, the sum of $1,913.98; that the cross-complainant John D. McDowell, receiver of the Elk National Bank, recover of B. P. Maddox and wife, Johnnie Maddox, and D. T.

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Cite This Page — Counsel Stack

Bluebook (online)
114 S.W.2d 821, 21 Tenn. App. 648, 1937 Tenn. App. LEXIS 66, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lincoln-county-bank-v-maddox-tennctapp-1937.