Wauchula Development Co. v. Peoples Stock Yards State Bank

The Peoples Stock Yards State Bank of Chi-cag'o, Illinois, brought an action in the Circuit Court for Hardee County against the Wauchula Development Company upon a sight draft for the sum of $1666.67 drawn by the Peninsular Land Company, by F. C. O’Connor, sec-retary and treasurer, at Chicago, in favor of the Peoples *300Stock Yards State Bank of Chicago upon the Wauchula. Development Company. The date of the draft was February 23, 1921.

The first count of the declaration alleges that the draft was transferred and delivered to the plaintiff for a valuable consideration and at the time of that…