Bray v. Comer
Supreme Court of Alabama
Appeal from the Chancery Court of Barbour. Heard before' the Hon. John A. Foster. The People’s Bank, a corporation located at Eufaula, having become insolvent, and suspended payment, a bill in equity was filed on the 16th January, 1879, by W. H. Thornton and others, stockholders and creditors, asking the appointment of a receiver, and the settlement of its affairs as an insolvent bank.
Read the full summary
Appeal from the Chancery Court of Barbour. Heard before' the Hon. John A. Foster. The People’s Bank, a corporation located at Eufaula, having become insolvent, and suspended payment, a bill in equity was filed on the 16th January, 1879, by W. H. Thornton and others, stockholders and creditors, asking the appointment of a receiver, and the settlement of its affairs as an insolvent bank. John G. Smith was appointed re-' ceiver, and all the assets of the bank were delivered to him. Among the assets were several notes which had been executed to the bank by Henry C. Hart, who was its president,…
1Opinion of the CourtStone, C. J.
— The Peopled Bank was a corporation for banking purposes, located and doing business in Eufaula, Alabama. H. C. Hart was its president, and A. A. Walker was its cashier. On July 3, 1878, -Hart executed his note payable to the bank, due at five months from date, for the *185sum of ten thousand four hundred and twelve 50-100 dollars, and contemporaneously executed to the bank a mortgage on real estate, to secure its payment. The mortgage was duly probated and recorded. This note and mortgage were traded and assigned by the bank to Woods, who gave in its purchase ten thousand dollars- in money,…
2Cases cited12 opinions
- Nooe's v. Garner's Adm'rSupreme Court of Alabama · 1881
- Rutledge's Adm'r v. Townsend, Crane & Co.Supreme Court of Alabama · 1863
- Bolling v. MunchusSupreme Court of Alabama · 1880
- Wilkerson v. TillmanSupreme Court of Alabama · 1880
- Rather v. Young's Adm'rsSupreme Court of Alabama · 1876
7 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Hester v. GairdnerSupreme Court of Georgia · 1907
- Wilson v. MorrisColorado Court of Appeals · 1894
- Dollins & Adams v. Pollock & Co.Supreme Court of Alabama · 1889
- Beiseker v. SvendsgaardNorth Dakota Supreme Court · 1914
- Wilson v. MorrisColorado Court of Appeals · 1894