Phillips v. Cottage Grove Bank & Trust Co.

This suit, brought in a Justice of the Peace Court of Henry county, sought to recover against the Cottage Grove Bank & Trust Company the statutory penalty of $100 because of the alleged failure of the bank to release of record the lien of a certain trust deed on land to secure two notes executed by J. M. Phillips and wife. One of the notes secured by the trust deed was payable to the defendant bank, as the administrator of the estate of W. E. Rainey, and the other payable to the order of the defendant.

It appears that the Justice of the P'eaee warrant was served on J. C. Rainey, President of…