Nalley Land & Investment Co. v. Merchants & Planters Bank

Jenkins, Justice.

In this suit by a payee bank on two promissory notes, signed by the defendant corporation by its president and its secretary-treasurer, and also individually by such officers, whose personal representatives are the additional defendants, the defendants pleaded: (1) that these notes were renewals of two other notes previously executed in favor of the bank, and signed only by a brother of the two officers, Gordon Nalley (who is not a party to this suit) as principal, and by a sister,' the secretary-treasurer (whose representative is a defendant) as surety, that the corporation…