State Ex Rel. Mothersead v. Rutland

Opinion by

STEPHENSON, C.

The petition of the plaintiff alleges that Bay But-' land executed and delivered his several notes to Eugene M. Kerr and James E. Spauiding, doing business as the Muskogee Nash Motor Company. That Eugene i\I. Kerr and James E. Spaulding, for value before maturity, transferred and assigned the notes to Eugene M. Kerr, who transferred and assigned the notes before maturity for value to the Central State Bank of Muskogee. The Bank Comm'ssionér took charge of the bank for the purpose of liquidation, some five months before the notes became due. The answer of the defendants…