Farmers' Nat. Bank of Maysville v. Vaughn

This action was commenced by T. A. Vaughn against the Farmers’ National Bank of Maysville to recover an amount paid by plaintiff in perfecting his title to certain real estate situated in the town of Maysville, on a contract of guaranty, executed by the bank through its president and secretary.

The defendant bank answered, pleading that the contract was ultra vires and without consideration. Plaintiff replied, pleading that the property was the property of the Farmers’ National Bank of Maysville and the consideration was paid to the Farmers’ National Bank, and it received the proceeds from the…