First Nat. Bank of Healdton v. Duncan

POSTER, O.

This action was brought in the district court of Carter county by the plaintiff in error, First National Bank of Healdton, to recover upon an injunction bond against J. M. Duncan, as principal, and Chas. Grad and R. G. Hall, as sureties. The parties appear as they did in the trial court.

The record discloses that, in 1925, J. M. Duncan was indebted to the Healdton State Bank and First National Bank on certain promissory notes. As security therefor, he assigned to the bank 49 shares of stock in the Standard Oil Company of New Jersey. The assets of the Healdton State Bank were assigned…