German American State Bank v. Farmers & Merchants Savings Bank

Stevens,-J.

The plaintiff is a-banking corporation located at.Chaleo, Nebraska, and organized.under the laws of that state. On May 29, 1922, John Schleisman, vice president of the Farmers & Merchants Savings Bank, executed the note• in suit, to L~uis Kovar, its cashier. It *s admitted, or clearly proven, that the maker received na-consideration for the note* and that it was, in- fact, executed for the use- and. benefit of the- bank. ■ On or about the date of its execution, the note was transferred to appellant for: value] the payee indorsing same in- blank. Prior, to-.the execution, of the…