Continental Nat. Bank of Memphis v. Buford

ROGERS, District Judge.

This suit is a statutory proceeding, founded on sections 1337, 1317, of Sandels & Hill’s Digest of the Statutes of Arkansas, which read as follows:

“Sec. 1337. The president and secretary of every corporation organized under the.provisions of this act shall annually make a certificate showing the condition of the affairs of such corporation, as nearly as the same can be ascertained, on .the 1st day of January or July next preceding the time of making such certificate, in the following particulars, viz.: The amount of capital actually paid in; the cash value of its real…