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UNITED STATES v. RICELAND FOODS, INC.

No. PB-C-79-102.

504 F.Supp. 1258 (1981)

UNITED STATES of America, Plaintiff, v. RICELAND FOODS, INC., Defendant, Charles E. Morgan and Effie Morgan, Third-Party Defendants.

United States District Court, E. D. Arkansas, Pine Bluff Division.

January 12, 1981.

Attorney(s) appearing for the Case

Fletcher Jackson, Asst. U. S. Atty., Little Rock, Ark., for plaintiff.

David G. Henry, Macom, Moorhead, Green & Henry, Stuttgart, Ark., for defendant Riceland Foods, Inc.

Third-party defendants not represented by counsel.

MEMORANDUM AND ORDER

HENRY WOODS, District Judge.

On January 31, 1974, the third-party defendants, Charles E. Morgan and his wife, Effie Morgan, (hereinafter Morgans) borrowed $7,000.00 from the Farmers Home Administration. At that time the Morgans gave the United States of America through the Farmers Home Administration a promissory note in the amount of $7,000.00, which was secured by a security agreement dated January 31, 1974. At the same time, a Financing...

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