Pool v. First Nat. Bank of Princeton

Opinion op the Court by

Yan Sant, Commissioner

— Affirming in part and reversing in part.

The appellee is a banking institution with principal place of business at Princeton, Kentucky. The appellant, R. M. Pool, was its president and in active charge of its affairs until July 1, 1937. While president he borrowed of the hank several thousand dollars. His son, appellant J. M. Pool, borrowed of it $6,150 for which R. M. Pool became surety. All of the loans were evidenced by notes which were renewed from time to time until the principals were paid. The original notes, and perhaps a few renewals,…