Coburn v. . Carstarphen

Tbis action was beard upon a statement of facts agreed. They are as follows:

1. Plaintiff is tbe receiver of Martin County Savings and Trust Company, an insolvent corporation, wbicb prior to bis appointment as sucb receiver was engaged in tbe banking business at "Williamston, Martin County, N. C. He bas brought tbis action to recover of defendant tbe amount of bis indebtedness to said corporation, as evidenced by two promissory notes.

2. Defendant, prior to its insolvency, executed and delivered to said corporation bis two promissory notes, one in tbe sum of $300, and tbe other in tbe sum of…