Crowe v. Covington count on financial Co. charm from Kenton Circuit judge; Common Law and Equity Division.
Viewpoint
Rodney G. Bryson, Judge.
Sawyer A. Smith for appellant.
Rouse, Price Adams for appellee.
VIEWPOINT FROM THE COURT BY ASSESS RATLIFF
Your appellant, J.M. Crowe, got the owner of 5/20 (1/4) from the stock on the Barrington Woods Realty Company, a corporation, hereinafter known as realty company. On March 22, personal loans Ohio 1922, the realty team lent of appellee, The Covington confidence and Banking team, hereinafter known as financial, the sum of the $13,000 confirmed by thirteen $1,000 notes payable on or before three years after day, and guaranteed exact same by a first financial about land with the realty company. Prior to the financing was consummated, together with the financial regarding the house, the stockholders of realty providers, like appellant, accomplished and delivered to the financial institution these writing:
“This Arrangement Witnesseth:
“That, Whereas, The Barrington forests Realty organization, an organization under the rules of State of Kentucky, is actually desirous of acquiring from The Covington Savings lender and rely on team, of Covington, Kentucky, financing from inside the amount of $13,000.00, said financing getting guaranteed by a home loan from the house of said Realty organization in Kenton state, Kentucky, and