City National Bank v. Price's Estate

Lawrence Price died in Lansing on February 12, 1917. He was at that time and had been since January 12, 1909, a director of plaintiff’s bank, twice a member of its examining committee and for a year a member of its discount committee. At the time of his death the bank owned and held as unpaid a promissory note for $500 dated October 13, 1916, due 90 days thereafter, signed by C. E. Chamberlain and Carrie Chamberlain, and indorsed by said Lawrence Price. It ran in usual form, “For value received, with 6 per cent, interest,” with the added provision that “All parties to this instrument do…