Memphis Bethel v. Bank
Tennessee Supreme Court
PROM SHELBY. Appeal from Circuit Court of Shelby County. L. H. Estes, J.
1Opinion of the CourtWilkes, J.
The complainant is a charitable corporation. It owned certain taxing district bonds, payable to bearer, and being for $1,000 each. The treasurer of the corporation pledged two of these bonds to the Continental National Bank for a loan of $2,000 for individual account, executing his note, with the bonds as collateral, in the usual form. The corporation received no benefit from this loan, and did not authorize it, nor give any authority for the pledge or use of the bonds as collateral. The original note for which the bonds were pledged was discounted by the bank at seven per cent. The note was,…
2Cases cited6 opinions
- Murray v. LardnerSupreme Court of the United States · 1865
- Coddington v. BayCourt for the Trial of Impeachments and Correction of Errors · 1822
- Williams v. . TiltNew York Court of Appeals · 1867
- Hall v. WilsonNew York Supreme Court · 1853
- Seybel v. . National Currency BankNew York Court of Appeals · 1873
1 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Corinth Bank & Trust Co. v. Security Nat. BankTennessee Supreme Court · 1923
- Jefferson Bank of St. Louis v. Chapman-White-Lyons Co.Tennessee Supreme Court · 1909
- Lyons v. JonesCourt of Appeals of Tennessee · 1938
- State ex rel. Sorensen v. Nebraska State Savings BankNebraska Supreme Court · 1934
- Pile v. CrawfordTennessee Supreme Court · 1930
1 more not listed; retrieve them via the Exa API.