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LAKE JACKSON STATE BANK v. OIL SCREW KINGFISH TOO

No. 64-H-202.

240 F.Supp. 450 (1965)

LAKE JACKSON STATE BANK, Libelant, v. The OIL SCREW KINGFISH TOO, Official Number 245989, her engines, machinery, nets, tackle, apparel and furniture, in rem and H. H. Bauknight, her owner, in personam, Respondents, Gulf King Ice & Fuel Company, Intervening Libelant.

United States District Court S. D. Texas, Houston Division.

April 22, 1965.

Attorney(s) appearing for the Case

Schirmeyer & Kratochvil and L. Glen Kratochvil, Houston, Tex., for libelant.

Ellis & Andrews and Wm. L. Ellis, Aransas Pass, Tex., for intervening libelant.

INGRAHAM, District Judge.

Libelant, Lake Jackson State Bank, seeks to foreclose its Preferred Ship's Mortgage, dated June 5, 1963, and recorded with the Collector of Customs on June 10, 1963, against the shrimp trawler "KINGFISH TOO" and her owner, H. H. Bauknight. The owner was unable to make periodic payments on a mortgage-note and elected not to contest libelant's mortgage foreclosure proceedings. On December 18, 1964...

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