Wingert v. First Nat. Bank of Hagerstown

This is a bill to restrain the defendants, a national bank, its directors and a contractor employed by them, from .pulling down the bank building and erecting a six story building in its place — the first floor to be used for banking purposes, the other floors to be let for offices. The plaintiff is a holder of stock in the bank and alleges that the intended construction is ultra vires, and commercially unwise. The Circuit Court dismissed the bill on . the ground that in the absence of bad faith it would not revise the judgment of the majority of the directors on the question of policy and…