Chapman v. First Nat. Bank of Sipe Springs

The commissioner of banking having taken over the property and assets of the Desdemona State Bank & Trust Company for liquidation, filed' this suit against the First National Bank of Sipe Springs, Tex., an insolvent bank, and against E. C. Aikens, Jr., its receiver, primarily on a note for the sum of $3,091.49, executed by the said Sipe Springs Bank to the Desdemona Bank, bearing date February 1, 1921, due April 1, 1921, reciting “value received,” and bearing two credit indorsements, as follows: “Paid 5/24/21, $700.00, H. H. Simmons”; “Paid 5/25/21, D. F. T. $600.00. H. H. Simmons.” He also…