First National Bank v. Canton Exchange Bank

In its original bill of complaint, filed July 9, 1962, the First National Bank of Canton sought to enjoin the Canton Exchange Bank and Llewellyn Brown, State Comptroller, from the alleged unlawful operation of a branch office of Canton Exchange Bank in the Town of Eidgeland, Madison County, Mississippi.

The answer of Canton Exchange Bank, after denying the material allegations of the bill of complaint, alleged affirmatively that it had recently discovered that the location selected for its permanent location was actually outside the corporate limits of the Town of Eidgeland; that such location…