Williams v. Denny, Banking Commissioner

Opinion op the Court by

Judge Willis

Reversing.

B. M. Williams, W. O. Turner, and B. F. Kelly, with five others, executed a written guaranty reading:

“We, the undersigned, do hereby jointly and severally guarantee to the Black Mountain Bank, Evarts, Kentucky, all notes of the Harlan Co-operative Coal Company payable to the Black Mountain Bank, amounting to $19,500 ; if same is not paid by said company we agree to pay any balance after due effort to collect same.”

The Black Mountain Bank subsequently changed its name and became the Evarts State Bank. Within a year from the execution of the…