Akers v. Radford State Bank, Inc.

We shall not undertake to state all of the facts in detail or to discuss all of the legal propositions which .are referred to by counsel in this cause. We shall, however, undertake to refer to those , facts which we consider decisive and to certain well established legal-doctrines which determine the issues presented by this record.

The appellants subscribed to the stock of the Rad-ford-Willis Southern Railway Company. The appellees are creditors of that insolvent corporation. The original agreement of these subscribers to the stock is expressed in the subscription form which they signed,…