Lee v. American Trust & Savings Bank of Lowden

Plaintiffs in their petition allege the corporate capacity of the defendant bank and the agency of the defendant Schluter, acting on behalf of said bank; that, on and prior to January 3, 1927, the defendant bank was the owner and holder of a certain sheriff’s certificate, covering certain described Story County real estate; that, on January 3, 1927, the defendant bank transferred said certificate to plaintiffs, who paid in consideration therefor the sum of $3,256; that defendant Schluter, acting for the appellant bank in the- negotiations prior to said contract of sale, stated and represented…