State v. Arndt

On and prior to July 23, 1945, the defendant, Junior E. Arndt, was the cashier and in charge of the management of the Kingston-Dalton State Bank. All transactions stated herein occurred in 1945. George W. Buchholz had a savings account and also a checking account in the bank; and he had subscribed for four shares of the bank’s stock at a total par value of $400, which he was to pay upon the issuance and delivery to him of the stock certificate. He did not receive the certificate until in September or October. On July 23, 1945, Arndt, without authority from Buchholz or his knowledge, wrote a…