First Nat. Bank of Hawkeye v. Raatz

The petition is in the usual form, to recover on a certificate of deposit dated July 20, 1926, for $5,000, issued by the First State Bank of Hawkeye to Leo G. Raatz. Said certificate was a time certificate for twelve months, drawing 4 per cent interest. The allegations of the petition are that, prior to the maturity date, L. G. Raatz, for a valuable consideration, signed, transferred, and delivered said certificate to the plaintiff ; also, that, for a valuable consideration, both defendants made a written indorsement on the back thereof, as follows, — “Leo G. Raatz, Wm. Raatz; ’ ’ that…