South Side State Bank v. Jardine

HONORABLE JOSEPH R. JACKSON, District Judge,

sitting in place of MR. JUSTICE GALEN, absent on account of illness, delivered the opinion of the court.

Action on a promissory note in the sum of $3,000, made and executed July 6, 1920, and due one year after date, given by Moses D. Jardine to the Yellowstone Packing Company for twenty shares of its capital stock. It is alleged that before maturity, and for value, the packing company sold the note to the South Side State Bank with indorsement: “Without recourse, pay to the order of the South Side State Bank. Yellowstone Packing Company, by J. B.…