Clarke v. Salyersville National Bank

Opinion of the Court by

Drury, Commissioner—

Reversing.

Prank A. Clarke has appealed from a judgment reforming certain purchase-money notes and enforcing them by a sale of the property for which they were given.

The Pacts.

On July 31, 1931, the Salyersville National Bank had several parcels of land sold at public outcry. One of these was bought by Mr. Clarke for the Magoffin Institute, of which he is president.

The amount of his successful bid was $4,705, of which one-third was to be paid in cash and the balance in two equal payments, one due in one year and the other in two years from that date.…