Citizens Bank v. Mutual Trust & Deposit Co.

Opinion of the Court by

Commissioner Hobson

Affirming.

These two appeals on the same record will be disposed of in one opinion. In January, 1919, E. W McCormack held five shares of the capital stock of the Citizens Bank of Waddy, Kentucky, also three shares of the capital stock of the Citizens Bank of Skelbyville, Kentucky. McCormack delivered these certificates of stock to Morgan & Company, who were brokers in Louisville. Upon each certificate he signed a writing transferring it to - and he also at the same time delivered to them a power of attorney to -, authorizing such person to transfer the…