First National Bank v. Armstrong

Opinion op the Court by

Judge Thomas

— Reversing.

The appellant, First National Bank of Louisville, prior to the year 1909, and prior to tke dates hereinafter mentioned, was a banking corporation chartered and operating under the laws of the United States providing for the incorporation of national banks, with a capital stock of $500,000.00, divided into shares of the par value of $100.00 each. The appellees and plaintiffs below owned together 303 shares of the capital stock of the bank. Some time in the spring of the year mentioned it was discovered by the Comptroller of the Currency that the…