Hill v. First National Bank

C. E. Hill filed an equitable petition against the First National Bank of West Point, Georgia, in which he alleged that he had purchased certain shares of the capital stock of the bank under false representations of certain officers of the bank as to its apparent solvency, when such officers at the time well knew that the bank was insolvent; that 20 of the 30 shares of the stock purchased by the petitioner were owned by Amos Huguley, president of the bank; that the officers and directors of the bank foresaw the collapse of the bank and were secretly unloading their stock. In pursuance of this…