Mobile Towing & Wrecking Co. v. First Nat. Bank
Supreme Court of Alabama
Apxieal from Circuit Court, Mobile County; Claude A. Grayson, Judge. Bill by the First National Bank of Lake-land, Fla., against the Mobile Towing & Wrecking Company, and Harry T. Hartwell, to fix a lien upon 60 shares of stock, and have same issued and delivered to complainant. Decree for complainant, and respondents appeal.
Read the full summary
Apxieal from Circuit Court, Mobile County; Claude A. Grayson, Judge. Bill by the First National Bank of Lake-land, Fla., against the Mobile Towing & Wrecking Company, and Harry T. Hartwell, to fix a lien upon 60 shares of stock, and have same issued and delivered to complainant. Decree for complainant, and respondents appeal. The bill alleges that on April 13, 1915, defendant Harry Hartwell, having for some time been indebted to the bank, executed and delivered to the bank his certain promissory note for $6,250, dated as of that date and payable six months after date, and also indorsed and…
1Opinion of the Court
ANDERSON, O. J.
[1 ] Certain stock originally belonged to Guy Hartwell, who delivered it to Harry T. Hartwell indorsed in blank, and which was surrendered and canceled and new stock was regularly issued in lieu thereof in the name of and to Harry T. Hart-well, and who became the legal holder of same and was liable to the corporation for any debts due it by the said Harr.y T. Hart-well under the terms of section 3476 of the Code of 1907. As to whether or not the respondent corporation was chargeable with the limited purpose for which the stock could be used when delivered by Guy Hartwell to…
2Cases cited7 opinions
- Jones v. McPhillipsSupreme Court of Alabama · 1886
- Leinkauff & Strauss v. MunterSupreme Court of Alabama · 1884
- Roney v. MossSupreme Court of Alabama · 1883
- Wilkinson v. SearcySupreme Court of Alabama · 1883
- Crosthwaite v. LebusSupreme Court of Alabama · 1906
2 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Ellison v. ButlerSupreme Court of Alabama · 1960
- First Nat. Bank of Mobile v. BurchSupreme Court of Alabama · 1939
- Mobile Towing & Wrecking Co. v. HartwellSupreme Court of Alabama · 1922
- General American Life Insurance v. AmSouth BankCourt of Appeals for the Eleventh Circuit · 1996
- First Nat. Bank v. Huntsville Bank & Trust Co.Supreme Court of Alabama · 1925
5 more not listed; retrieve them via the Exa API.