Toombs v. Citizens Bank

The Citizens Bank of Wajmesboro was chartered on February 2, 1898, under the act of December 20, 1893, which provided a general method for the incorporation of banks by the secretary of State. Acts 1893, p. 70; Civil Code (1910), §§ 2262 et seq; 9th Annual Beport of Department of Banking, p. 170. Stockholders in a bank chartered under this act were made liable for all of the debts of the bank to the extent of their unpaid shares of stock, and were further additionally made individually liable equally and ratably, and not one for another as sureties, to depositors of said bank for all moneys…