Citizens Bank v. Bank of Waddy
Court of Appeals of Kentucky
CASE 23. — PROCEEDING BY THE CITIZENS’ BANK AND OTHERS TO ESTABLISH CLAIMS AGAINST THE BANK OF WADDY, IN THE HANDS OF A RECEIVER, AND OTHERS. — Appeal from Shelby Circuit Court. R F. Peake, Circuit Judge.
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CASE 23. — PROCEEDING BY THE CITIZENS’ BANK AND OTHERS TO ESTABLISH CLAIMS AGAINST THE BANK OF WADDY, IN THE HANDS OF A RECEIVER, AND OTHERS. — Appeal from Shelby Circuit Court. R F. Peake, Circuit Judge. Prom the judgment defendants appeal — POINTS AND AUTHORITIES. 1. The appellee, Weakley’s, petition, a® amended, expressly admits the validity of the debt of the Bank of Waddy to the Bank of Commerce for borrowed money and the pledge of collaterals to secure it, saying therein: “That the Bank of Waddy is indebted to the Bank of Commerce in the sum of Three Thousand ($3,000.00) Dollars, and…
1Opinion of the Court
Opinion of the Court by
Judge Hobson
Reversing.
In the year 1900 the Bank of Waddy was incorporated under the Kentucky Statutes; the 'capital stock being fixed at $15,000. It was provided by the articles of incorporation that the indebtedness of the bank, *173except to depositors, should not exceed one-half the amount of the capital stock. L. W. Ditto was elected president and T. B. Hancock cashier. They were also two of the directors of the hank. The latter part of the year 1903 some of the directors became dissatisfied with Hancock as cashier, and at this juncture Hancock bought the stock of all…
2Cases cited6 opinions
- Aldrich v. Chemical National BankSupreme Court of the United States · 1900
- Auten v. United States Nat. Bank of NYSupreme Court of the United States · 1899
- Bell & Coggeshall Co. v. Kentucky Glass Works Co.Court of Appeals of Kentucky · 1899
- Davenport v. StoneMichigan Supreme Court · 1895
- Wilkins v. UsherCourt of Appeals of Kentucky · 1906
1 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Commercial Banking & Trust Co. v. Citizens Trust & Guaranty Co.Court of Appeals of Kentucky · 1913
- Burrowes v. NimocksCourt of Appeals for the Fourth Circuit · 1929
- Montgomery B. & T. Co. v. WalkerSupreme Court of Alabama · 1913
- Page Trust Co. v. RoseSupreme Court of North Carolina · 1926
- Williams v. HallArizona Supreme Court · 1926
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