Reed v. Mobley

Reecl, Weaver, Shackelford, and Patton filed their petition against Mobley as superintendent oE banks, and Watkins as sheriff of Oglethorpe County, in which' they made these allegations: They are stockholders in the Bank of Lexington. In February, 1926, the capital stock of this bank became greatly impaired; and the superintendent of banks required it to make good its impaired capital stock, in pursuance of the power conferred upon him by the act of August 26, 1925. Acts 1925, pp. 119, 126; 12 Park's Code-Supp. 1926, § 2267(d). At a meeting of the stockholders of the bank in March, 1926, an…