Fox's Appeal
Supreme Court of Pennsylvania
Appeal from the Court of Common Pleas, of Berhs county: Of January Term 1880, No. 241. Appeal of Reuben M. Fox and Benneville Fenstenmacher, two of the depositors in the Kutztown Savings Bank, from the decree of the court confirming the report of the auditor to distribute the assets of said bank in the hands of its assignee for the benefit of creditors.
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Appeal from the Court of Common Pleas, of Berhs county: Of January Term 1880, No. 241. Appeal of Reuben M. Fox and Benneville Fenstenmacher, two of the depositors in the Kutztown Savings Bank, from the decree of the court confirming the report of the auditor to distribute the assets of said bank in the hands of its assignee for the benefit of creditors. The facts as found by the auditor, F. R. Schell, Esq., were as follows: “ The Kutztown Savings Bank, located in the borough of Kutztown, Berks county, Pennsylvania, was incorporated by the General Assembly of the Commonwealth, March 12th 1869,…
1Opinion of the CourtJustice Sterrett
The charter of the Kutztown Savings Bank, granted by the legislature in 1869, declares, “ That the business of the corporation shall be, to receive on deposit, from time to time, such sums of *416money, not less than ten cents, as may be offered by tradesmen, clerks, mechanics, laborers, servants, minors, married women and others, and to invest the same in the stocks of this Commonwealth or of the United States, or in the stocks or bonds of any city authorized to be issued by any Act of this Commonwealth, or in other stocks, or in bonds and mortgages, and other improved and valid securities; the…
2Cases cited1 opinion
- Wood v. DummerU.S. Circuit Court for the District of Maine · 1824
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