MEMORANDUM OPINION
PUTNAM, District Judge.
The United States filed this suit as holder of a promissory note executed by the defendants on June 10, 1966, in favor of Hub City Bank and Trust Company of Lafayette, Louisiana (Hub City), secured by a chattel mortgage on certain property belonging to Aerial Sign Company. At the time of trial on August 27, 1971, the property had been sold and the balance due was $10,006.63, plus interest at the rate of seven per...
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