State v. Duckett

The opinion of the Court was delivered by

Mr. Acting Associate Justice R. O. Purdy.

The Bank of Coronaca, in Greenwood County, was organized with a capital stock of $25,000. The first meeting of the directors was held on February 5, 1920. At this meeting, it was directed that 20 per cent, of the capital stock be paid in on or before February 15th, and the remaining 80 per cent, on or before March 1, 1920. At that meeting the defendant was elected as vice president. All of which is shown by the minutes of the bank. The minutes of June 15, 1920, also shows the following at the conclusion of the…