Shaw v. Williams

FLY, Chief Justice.

This suit was instituted by appellee against appellant for $423.50, which it was alleged was deposited in the Sinton State Bank, before it was closed by the commissioner, bé-ing the proceeds of a loan made by the government to appellee on his adjusted service certificate. It was claimed that the money arising from that source was a preferred deposit and should take precedence in payment over other claims of creditors. The court rendered the following judgment.

“It is therefore ordered, adjudged and decreed by the Court that plaintiff’s claim for preference on funds derived…