Hughes v. Bank of Somerset

*45Opinion op the Court,

by Judge Owsley.

THIS writ of error is prosecuted to reverse a decree pronounced by the circuit court of Pulaski, dismissing a bill in chancery exhibited by Hughes, and dissolving an injunction obtained by him against judgments whicli the bank of Somerset had recovered upon notes executed to the bank by Hughes. The equity set up in the biIiis>

1st. That the bank forfeited its charter in commencing its operations as a corporation before the amount of money required by the act of incorporation, was actually received by the commissioners appointed for that purpose.

A parol…