Citizens' Bank v. Knapp

Mrs. Knapp procured a stock loan from the plaintiff, and, to secure the payment of the note given therefor, mortgaged a sugar plantation in Pointo Coupee, and pledged her stock- in said institution. In January, 1856, she sold said plantation and bank stock to Ponce Colomb, who specially assumed the payment of said stock loan note, and all the responsibilities of the ownership of said shares of tlie capital stock so pledged. Colomb paid the annual installments on the note up to April, 1861. In April; 1866, this suit was instituted on the note and assumpsit against both defendants, who severed…