Morehead Banking Co. v. Tate
Supreme Court of North Carolina
Civil ACTION tried before Adams, J., at October Term, 1897, of Durham Superior Court. There was a judgment for the defendants, and plaintiff appealed. The facts appear in the opinion.
1Opinion of the Court
Eurchjes, J.:
It is admitted that the plaintiff is a regularly chartered banking institution, having its place of business at Durham, N. C. Early in the year 1890 the plaintiff undertook to establish an agency or a ‘ ‘branch banlc,” as it is sometimes called, at Burlington, N C. The defendant, A. Tate, was selected as the cashier of this agency at Burlington, and on the 19th May, 1890, entered into a bond in the penal sum of $15,000 for the faithful performance of all his duties as such cashier, to account for and pay over all monies received by him, etc., as such cashier to the plaintiff ;…
2Cases cited2 opinions
- Armistead v. Bozman's HeirsSupreme Court of North Carolina · 1840
- President of the State Bank v. LockeSupreme Court of North Carolina · 1834
3Cited by2 opinions
- Wellston Trust Co. v. Am. Surety Co. of N.Y.Missouri Court of Appeals · 1929
- Troy & North Carolina Gold Mining Co. v. Snow Lumber Co.Supreme Court of North Carolina · 1917