Citizens State Bank v. Schmitz

Plaintiff’s cause of action, as alleged in its complaint, is to recover $8,295 on a guaranty signed on December 29, 1933, by defendants, who were some of the stockholders of the State Bank of Random Lake, a Wisconsin banking corporation. That guaranty was given by the defendants to the plaintiff in consideration of the signing by the latter, as the holder of deferred certificates issued by the *554State Bank of Random Lake, of a second stabilization agreement of that bank., Under that guaranty the defendants agreed to pay to the plaintiff on demand certain participating certificates issued,…