Ellis v. Citizens Bank of Carlisle

On the 4th day of April, 1930, a petition entitled James Ellis et al. v. Citizens Bank of Carlisle et al. was filed in the district court of Iowa in and for Warren County, praying the appointment of a receiver for the Citizens Bank of Carlisle, on the allegation that the Citizens Bank of Carlisle was involved in financial difficulties and unable to continue business as a private bank. On the 29th day of April, 1930, G. D. Schooler was appointed by the court as receiver of said bank, to liquidate its affairs. He duly qualified, and was acting as such receiver at all times material to the…