Security State Bank & Trust Co. v. Merchants' & Farmers' State Bank

McCLENDON, C. j.

The Security State Bank & Trust Company of San, Antonio, Tex., which will be referred to as the trust company, brought this suit against the Merchants’ & Farmers’ State Bank of Elgin, Tex., which will be referred to as the bank; to recover the amount of five certificates of deposit, issued by the bank in favors of Planters’ Bonded Warehouse Company, which we will denote the warehouse company. The trust company alleged that it acquired the certificates in due course of business, before maturity, for value, and upon proper indorsement. Several parties intervened in the suit and…