Bank v. National Bank of Commerce

The original action was brought by the National Bank of Commerce against the Bank of Lakin to recover the balance due upon two promissory notes of $4,000 and $8,000 respectively, which were signed by the Bank of Lakin, by S. H. Carr, cashier. It was averred in the petition that the notes were issued with the authority of the defendant; that the 4th by-law of the Bank of Lakin was as follows, —“This bank shall be responsible for the official acts of the officers elected by the Board of Directors ’' ; and, further, that the proceeds of the discount of the two notes were used in behalf and for…