Valley National Bank v. Cownie
Supreme Court of Iowa
Appeal from Polk District Court. — Hon. Lawrence De Graee, Judge. Action upon a contract of guaranty. There was a general denial and certain affirmative defenses. From a judgment for plaintiff, the defendant has appealed.
1Opinion of the CourtEvans, J.
The plaintiff’s action is brought upon the following written contract:
June 3, 1908.
Whereas, the directory board of the Des Moines Corn Milling Company of Des Moines, Iowa, have authorized the *423officers of said company to borrow from time to time sums not in excess of thirty thousand dollars ($30,000) for it; and, whereas, the banks demand security and are unwilling to loan on the credit of said company alone; and, whereas, each of the undersigned is a stockholder of said company and owns the number of shares of its stock set opposite his name below, each of said shares being the par value of…
2Cases cited10 opinions
- Benton County Savings Bank of Norway v. BoddickerSupreme Court of Iowa · 1898
- Farley v. ByersSupreme Court of Minnesota · 1908
- Bernick v. McClureSupreme Court of Minnesota · 1909
- National Exchange Bank v. GaySupreme Court of Connecticut · 1889
- Hoyt v. QuintSupreme Court of Iowa · 1898
5 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- First Trust Co. v. Airedale Ranch & Cattle Co.Nebraska Supreme Court · 1939
- Aetna Life Insurance Company v. David R. AndersonCourt of Appeals for the Eighth Circuit · 1988
- West Branch State Bank v. Farmers Union ExchangeSupreme Court of Iowa · 1936
- Bankers Trust Co. v. BeinhauerSupreme Court of Iowa · 1930
- Continental Life Ins. v. BarnesSouth Dakota Supreme Court · 1930