Cambridge Gas Co. v. Lamb

Maxwell, Judge:

This suit was instituted in the circuit court of Kanawha County by Cambridge Gas Company and others against F. O. Lamb, receiver of the Charleston Trust Company, a corporation, an insolvent banking institution, for the purpose of having a certain deposit in the savings department of said trust company at the time it discontinued business, May 27, 1933, declared to be a trust fund. From a decree sustaining the prayer of the bill, the receiver has appealed.

On the first of December, 1928, the Cambridge Gas Company sold $25,000.00 par value of its seven per cent-um cumulative…