Hazard v. Planters' & Merchants' Bank

This is an action instituted by motion on the part of the Bank against the plaintiffs in error as makers of a promissory note, by which they promised to pay the amount for which the note is given to “the President and Directors of the Planters’ and Merchants’ Bank of Mobile,” and the objection is that the note is not payable to the corporation nor any proof that it was the owner of the note.

The corporate name of the Bank is “ The Planters’ and Merchants’ Bank of Mobile,” and the necessary intendment is that this note is payable to the corporation. The President and Directors are those who…