Continental & Commercial Nat. Bank v. Jefferson

Plaintiff in its complaint, after alleging its corporate capacity, the corporate capacity of the defendant James Valley Bank, and the official capacity of defendant E. R. Smith, as superintendent of .banks for the state of South'Dakota, alleged the insolvency of the defendant James Valley Bank and its taking over by the defendant Smith, superintendent of banks, January 8, 1924, and alleged that March 1, 1923, defendant Lenna M. Jefferson executed and delivered to defendant James Valley Bank two certain promissory notes dated on that day, for $7,500 each, due in 1 year, indorsed and guaranteed…