Gallagher v. Squire, Supt. of Banks

OPINION

By OVERMYER, J.

In 1925 The Commercial Banking & Trust Company of Sandusky, Ohio, was a banking corporation organized, existing and doing business as a bank with a trust department under the laws of Ohio then in force. In 1922 the bank had purchased real estate at the corner of Washington Row and Columbus Avenue in said city, and in 1924 and 1925 a bank and office building was erected thereon. When completed the land and building represented an investment of $282,733.42. At that time the paid-in capital and surplus of the bank aggregated $300,030 and therefore the sum invested in the…