First State Bank of Montgomery v. First Nat. Bank of Navasota
Court of Appeals of Texas
Appeal from Grimes County Court; Hood Boone, Judge. Action by the First National Bank of Nav-asota against the First State Bank of Montgomery and another. From a judgment for plaintiff, defendant named appeals.
1Opinion of the CourtReese, J.
N. O. Lauve, being at the time cashier of the First State Bank of Montgomery, Tex., and the owner of five shares of its capital stock, of the par value of $100 per share, on February 4, 1910, borrowed of the First National Bank of Navasota, Tex., $500, for which he executed his promissory note, and to secure the same delivered, by way of pledge, to said bank the said five shares of stock indorsed in blank. Upon maturity of the note, the Navasota bank instituted this action in the county court against said Lauve upon the note, and to foreclose its pledgee’s lien on the stock. The First State…
2Cases cited5 opinions
- Union Bank of Georgetown v. LairdSupreme Court of the United States · 1817
- Johnston v. LaflinSupreme Court of the United States · 1881
- Brinkerhoff-Farris Trust & Savings Co. v. Home Lumber Co.Supreme Court of Missouri · 1893
- Bank of Atchison v. DurfeeSupreme Court of Missouri · 1893
- Noyes v. SpauldingSupreme Court of Vermont · 1855
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