First Nat. Bank of Center v. Bolton

The following statement of the nature and result of this suit is taken from appellee's brief:

“Prior to November 26, 1924, the First National Bank of Center was a going concern, on November 26, 1924, its doors were closed by legal authority and on December 3, 1924, F. Wm. Leasing was legally appointed receiver of said bank.

“On November 15, 1924, E. A. Bolton, appel-lee here, was the owner of vendor’s lien notes against C. P. Smith, Jr., of Hillsboro, Hill county, Tex. Said C. P. Smith, Jr., was unable to pay said notes when the said E. A. Bolton drew his draft on Mr. C. P Smith, of Center,…