Magruder v. Hattiesburg Trust & Banking Co.
Mississippi Supreme Court
Appeal from the chancery court of Forest county. Hon. W. A. Shipman, Special Chancellor. Bill by Mrs. Mary P. Crane and another against the Hattiesburg Trust & Banking Company and the Watkins Machine & Foundry Company. From a judgment sustaining demurrers to the cross-bill .of J. C. Magruder, trustee in bankruptcy, he appeals. The facts are fully stated in the opinion of the court.
1Opinion of the CourtReed, J.
The original bill of complaint in this cause was filed by Mrs. Mary P. Crane and Mrs. Fannie B. Perkins, nonresident stockholders of the Hattiesburg Trust & Banking Company. Complainants sought the cancellation of a certain contract between the Hattiesburg Trust & Banking Company and the Watkins Machine & Foundry Company, whereby the1 trust company guaranteed the payment of certain, bonds issued by the foundry company, and also sought to have the trust •company relieved from all obligations and liabilities connected with and growing out of the business arrangement. ' The trust company, the…
2Cases cited1 opinion
- Thomason v. NeeleyMississippi Supreme Court · 1874
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- First Union Trust & Sav. Bank v. Mississippi Power Co.Mississippi Supreme Court · 1933