St. Matthews Bank & Trust Co. v. Mitchell

Opinion of the Court by

Hobson, Commissioner

Reversing.

Harry Mitchell and his wife, Belle Mitchell, lived near St. Matthews, Ky., and did business with the St. Matthews Bank & Trust Company. In the spring of 1926 they sold a piece of land and had a thousand dollars they wished to invest in a mortgage bond. The bank agreed to make the purchase for them, and on May 17, 1926, bought from the Louisville Title Cork pany bond No. 20, Series 35092, in the amount of $1,000, dated April 19, 1926, and due ten years from that date. The bond was payable to the Louisville Title Company, trustee, or bearer.…