United States v. First Capital Nat. Bank of Iowa City

BOOTH, Circuit Judge.

This is an appeal from a judgment in an action at law by the United States against the First Capital National Bank of Iowa City and two 'of its officers to recover a money judgment by reason of the failure and refusal of the defendants to surrender to the collector of .internal revenue a credit arising from money deposited in the defendant bank by the board in control of athletics of the state University of Iowa, Inc. (hereinafter called “the board in control”), to its own credit.

The action was brought by virtue and under authority of section 1114 (e) (f) of the Revenue…