Desdemona State Bank & Trust Co. v. Streety

The charter of the bank, is not in the record, but it is. apparent from the admissions in paragraph 4 of its answer, hereinafter quoted, and page 33 of its brief that its charter powers embrace the purposes set forth in article 385, R. S. Bank and trust companies with such charter powers are authorized:

“ * * * 3. To lease, hold, purchase and convey any and all’real property necessary in the-transaction of its business, or which it shall acquire in satisfaction, or partial satisfaction, of debts due the corporation, under sales, judgments or mortgages, or in settlement, or partial settlement,…