Todd v. Russell

CHASE, Circuit Judge.

This appeal is from a final decree in a suit in equity brought in the District Court for the Southern District of New York. The plaintiffs own certain bonds of the insolvent Ohio Joint Stock Land Bank of Cincinnati, Ohio, and are seeking to recover in behalf of themselves and all other creditors of said Land Bank as their interests may appear. The defendants are alleged owners of stock in the Land Bank and it is their liability as shareholders under the provisions of 12 U.S.C.A. § 812 that the plaintiffs are trying to enforce.

This statute reads as follows:—

“Individual…