Casady v. First State Bank

VAUGHT, District Judge.

This is an action brought by John C. Casady, as treasurer of the town of Cheyenne, Oklahoma, and others, against the *688First State Bank of Cheyenne, Oklahoma, and the Federal Deposit Insurance Corporation, and others, as defendants.

John C. Casady, at the time of the filing of this action, was the duly elected, qualified and acting treasurer of the town of Cheyenne, Oklahoma, and at the time of the failure of said bank, the town of Cheyenne had five separate deposits in said bank. The first is designated Cheyenne Sinking Fund, which deposit showed a balance of $11,752.04;…