Helms v. Citizens Bank of Erwin

PORTR.ÚM, J.

The complainant, H. N. Helms, was indebted to the First State Bank of Erwin in April, 1933, by three promissory notes in the sum, first, $500 secured by the personal indorsement of Thomas F. Willis; second, $107.55; and third, $312.58, and these two notes were secured by the personal indorsement of John Leonard, and at this time the bank was indebted to John Leonard by two certificates of deposit issued in his name for the amounts of $298.21 and $50.25, making the total indebtedness to him of $348.46.

Upon this date the First State Bank .of Erwin closed its doors, and its affairs…