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FIRST NATIONAL BANK, MAGNOLIA, ARK. v. MAGNOLIA STEEL CORP.

Civ. No. 1101.

261 F.Supp. 283 (1966)

FIRST NATIONAL BANK OF MAGNOLIA, MAGNOLIA, ARKANSAS, and National Bank of Commerce of Pine Bluff, Pine Bluff, Arkansas, Plaintiffs, v. MAGNOLIA STEEL CORPORATION, William H. Hoster, United States of America, Herd Equipment Co., Bill Laney, Commissioner of Labor of the State of Arkansas, Oklahoma Steel Corporation and Kelso Equipment, Inc., Defendants, The Purdy Company, Intervenor.

United States District Court W. D. Arkansas, El Dorado Division.

December 16, 1966.

Attorney(s) appearing for the Case

Oliver M. Clegg and William B. Eckert, Keith, Clegg & Eckert, Magnolia, Ark., Stephen A. Matthews, Bridges, Young, Matthews & Davis, Pine Bluff, Ark., for plaintiffs.

Charles M. Conway and Ned A. Stewart, Jr., U. S. Attys., Fort Smith, Ark., Luke Arnett, Little Rock, Ark., Joe D. Woodward, Magnolia, Ark., William C. Schanlaber, Reinberger, Eilbott Smith & Staten, Pine Bluff, Ark., for defendants.

MEMORANDUM OPINION

HARRIS, District Judge.

This cause came on to be heard on October 13, 1966. It is an action for the collection of the principal and interest on two notes heretofore executed in favor of the plaintiffs with interest thereon. A Decree was entered on November 2, 1966, giving judgment to the First National Bank of Magnolia, Magnolia, Arkansas, and the National Bank of Commerce of Pine Bluff, Pine Bluff, Arkansas, in the amount of $260,706...

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