Hazel v. Sharum

Appellants have correctly stated the case as follows: “On April 1,1922, M. W. Hazel, Wilmer Smith, C. A. Dawson, L. Y. Ritter, N. J. Hazel, O. E. Causey and T. J. Sharum were directors of the First National Bank of Marked Tree, Poinsett County, Arkansas, T. J. Sharum being president and N. J. Hazel, vice president, and C. E. Causey, cashier. A short time prior to said date of April 1, 1922, the bank examiner found that the capital stock of said bank had been impaired as the result of which the persons named executed and delivered to said bank their promissory note in the sum of $30,-304.91,…