Mechanics Savings Bank v. Gish

I. Located at Peoria, Illinois, was in operation a plant engaged in the manufacture or assembling and sale of tractors. In May, 1919, a corporation was organized under the laws of Iowa, known as the Peoria Tractor Corporation of-Iowa. F. R. Dennis, who was president of the Illinois plant, was selected as president of the Iowa corporation. John H-. Gibson was made treasurer. Gibson was a director in plaintiff bank. Robert E. Lloyd and C. W. Lloyd were stock sales agents. The corporation was organized, to manufacture or assemble tractors. It opened an office in Des Moines. It was the avowed…