Farmers State Bank & Trust Co. v. City of Yates Center

The opinion of the court was delivered by

Miller, J.:

This is an appeal by the City of Yates Center from a judgment entered against it and in favor of the appellees, three Kansas banks, holders of temporary notes of the City which were “overissues.” Farmers State Bank and Trust Company of Hays, Kansas, held two of the City’s $50,000 notes, numbered 6 and 7, dated February 1, 1973; First National Bank and Trust Company of El Dorado, Kansas, held two of the City’s $50,000 notes, also numbered 6 and 7 but dated September 1, 1973; and Union National Bank, Wichita, Kansas, held another of the City’s…