New v. Page

Three cases have been consolidated for the purposes of this appeal. In the suits as separately tried judgments, were recovered by the Receiver of the Lafayette Bank, of Baltimore, upon individual promissory notes for $1,500 each, payable to its order, made by the respective appellants. Upon one of the notes a bank deposit of the maker to the amount of $392.90 had been credited. The appellants Were three of the twelve directors of the bank. The notes, were given in pursuance of a plan for the directors' to. finance the subscription and payment for the previously unissued portion of the capital…