Atlanta Coledrinx Co. v. Morris Plan Bank

The Morris Plan Bank of Georgia sued the Atlanta Coledrinx Company and others, on a promissory note due eighteen months after date, to recover the sum of $5400 principal with interest and attorney’s fees. The signers therein subscribed for an investment certificate of deposit of the Morris Plan Bank in an amount equal to the face of the note, and agreed to pay for it fully on the terms and conditions set forth in a pass book issued to them at the time of the closing of the loan evidenced by the note, and transferred and assigned to the bank, as collateral security to secure the note, all…