Drake v. Pueblo National Bank

delivered tbe opinion of tbe court:

Tbe complaint in this action alleges that,on tbe 11th of May, 1898, plaintiff made and delivered to defendant bis promissory note for $401.50, payable one day after date, witb interest at tbe rate of one per cent, a month from date until paid, said note reciting tbe deposit witb defendant as collateral security of five hundred shares of stock in Tbe Isabella Gold Mining Company, and certain shares of stock in other mining companies. After reciting tbe deposit of this stock, there is a provision in tbe note whereby tbe defendant was authorized to sell without…