Jasper County Democrat, Volume 22, Number 41, Rensselaer, Jasper County, 20 August 1919 — FILED FEDERAL COURT SUIT [ARTICLE]

FILED FEDERAL COURT SUIT

To Collect on Notes Given by Local Party for Texas Land. Mention was made recently by The Democrat regarding a case that was to have been filed in the Jasper circuit to recover certain notes (112,500) given by a party here for some Texas land in the lower Rio Grande valley, ' and which notes had been sold to a neighboring bank (the Bank of Mt. Ayr). This suit has not been filed as yet for the reason that the parties holding the dotes originally had stated that they desired to compromise the matter and an attorney was here from Kansas City to compromise, The Democrat is informed. Attorneys for the maker of the notes—Mrs. Alda F. K. Parkison —informed this attorney that the only compromise they would consider would be the cancellation of contract and retun) of the notes and full relief from any responsibility for their client. This, it is understood, was declined and now a suit has been filed in the federal district court at against Mrs. Parkison, according to a Hammond paper, on some notes assumed by her, which says: Another Texas land case has been filed in the United States district court at Hammond for Judge And-' erson to untangle. - The suit just filed with Clerk Charles Surprise is brought by the Fidelity Loan Securities Co. of Kansas City, Mo., against Mrs. A. F. Parkison of Rensselaer, Ind. The complaint -states that on January 9, 1919, Mrs. Parkison entered into a contract with the Rio Grande Valley Land corporation to buy a tract of. land in Hidalgo county, Toxajs She was to pay $24,500 for the land, paying $12,000 to the company and assuming $12,000 incumbrance against the property. 'According to the agreement she was to pay $2,000 annually, beginning January 1, 1921, and the Interest was to be paid semi-annually, beginning July 19, 1919. Failure to meet any part of it was to mature the whole sum. It is alleged that Mrs. Parkison did not make her first interest payment last month, so the company is demanding the entire $,12»000 with Interest up to the time the matter is settled. W. F. ZUmbrum of Kansas City is attorney for the plaintiff.

The suit filed at Hammond is on the Incumbrance of $12,006 that was on the land bought by Mrs. Parklson, 88 acres, and which she assumed, and is not the notes held by the Mt, Ayr baink. It is understood that notice had been filed ■with the holder of the latter notes that defendant would resist payment and enforcement of the contract, alleging fraud and deception in the sale of the land to the maker, and nothing has yet been done regarding these particular notes. No notice was served, however, on the holders of the notes assumed in the contract. Mrs. Parkison paid SIOO in cash on this land the time of entering into contract for its purchase. Mrs. Parkison’s attorneys are John A. Dunlap of this city, Randolph & Milford of Lafayette and J. P. O’Shaughenessy of Chicago, and it is understood that they, welcome this suit in tlfe federal court.