Davis v. First Nat. Bank of Butler

Opinion by

STEPHENSON, C.

About August 1, 1915, the North Pool Oil Coriipany was indebted to the Butler State Bank in the sum of about $1,700, and the Channel Oil Company was indebted to the same bauk in about the sum of $500. The oil companies were also indebted to various other parties at the same time. On August 25,, 1915, the North Pool Oil Company and the Channel Oil Company by separate written agreements entered into a contract with certain parties therein named for the benefit of the bank, and other creditors, provided :the contracts were accepted by the creditors. Geo. J. Ames was…