First State Bank of Roby v. Hilbun

HICKMAN, Chief Justice.

The plaintiff in error will be called plaintiff, and the defendant in error defendant. The suit was instituted by plaintiff against defendant on a promissory note signed as follows: “J. C. Hilbun, .Liquidating Agt., First National Bank, Roby, Texas, by J. C. Hilbun.” At the time the note was executed, the defendant was cashier of the plaintiff bank, and was also liquidating agent for the First National Bank. The latter bank had gone into voluntary liquidation and had elected the defendant to wind up its affairs. It was not insolvent and was not! taken over by the…