Anderson v. Cook County State Bank

Taylor, C.

■ On May 24, 1920, defendant Burns purchased from one Mooney, through the officers of intervener bank, 25 shares of the capital stock of the bank of the par value of $100 each and the bank issued to him its stock certificate No. 181 for the shares so purchased. Burns borrowed from the bank the money to make the purchase and gave his promissory note therefor in the sum of $2,850, no part of which has been paid. On January 25, 1921, plaintiff began an action against Burns and garnished one Wharton who then had possession of the certificate of stock and also levied upon the stock under…