Magel v. Hunt

In the year 1902, Peter Magel became the owner of lot 220, Smith’s addition to the city of Burlington, Iowa, and a short time thereafter he and his wife moved upon said premises and established a homestead in which they lived until his death in 1923. In 1921, Magel purchased 10 shares of stock in the Iowa State Savings Bank of Burlington, Iowa. Some time thereafter, and before the death of Magel, said bank was consolidated with the First National Bank of Burlington, and in exchange for his 10. shares of stock in the Iowa State Savings Bank, Magel received 15 shares of stock in the…