Lee v. Cutrer
Mississippi Supreme Court
Fbom the circuit court of, second district, Coahoma county. HoN. Samuel C. O00K, Judge. W- M. Lee, receiver of the Jonestown bank, a corporation, appellant, was plaintiff in the court below; Cutrer, appellee, was defendant there. From a judgment in favor of the defendant the plaintiff appealed to the supreme court. The ■opinion of the court states the facts.
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Fbom the circuit court of, second district, Coahoma county. HoN. Samuel C. O00K, Judge. W- M. Lee, receiver of the Jonestown bank, a corporation, appellant, was plaintiff in the court below; Cutrer, appellee, was defendant there. From a judgment in favor of the defendant the plaintiff appealed to the supreme court. The ■opinion of the court states the facts. Can subscriptions to the capital stock of a bank organized under the laws of our state, be paid in anything other than money, where the charter requires that such payments shall be made in money, specie, or cash, or equivalent terms ?…
1Opinion of the CourtSMith, J.
Appellant, receiver of the Jonestown Bank, instituted suit in the court below to collect from appellee an alleged unpaid subscription to the capital stock of said Jonestown Bank,, amounting to $2,000. At the close of the evidence the court below charged the jury to find for appellee, and there was a verdict and judgment accordingly.
Appellee by his plea alleged, and the proof is, that he had paid in full his subscription to the capital stock of this bank in legal services rendered in and about the organization of the-bank, and by a sale to the bank of a steel burglar-proof safe and *366certain…
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