Hood, Comr. of Banks v. . Bayless

Pee Cueiam.

Tbis is an action instituted. by the plaintiffs against the defendant upon a paper-writing purporting to be a note signed by tbe defendant, which the defendant admits he signed but alleges that it was understood and agreed by him and the plaintiffs’ representative at the time of the delivery thereof that it was to be used and to become a binding obligation only if the use thereof at the end of two years, when a “freezing” agreement with certain depositors had expired, all the depositors of the bank then closed could be paid in full and the bank reorganized and continued in…