Citizens State Bank v. Martens

This controversy arose over an attempt by appellant, as plaintiff, to collect two promissory notes from appellee, as defendant. Both are payable to “myself,” and indorsed by said John F. Martens, November 6, 1919. One was for $3,000, due nine months after said date, and the other for $4,000, maturing in one year thereafter.

A chronological statement of the facts is essential for an understanding of the legal questions involved. Appellee subscribed for stock in the Sel way Steel Post & Fence Company in the amount of $25,000. At that time, and as a part of the trans action, the indebtedness was…