Louisa National Bank v. Paintsville National Bank

Opinion op the Court by

Judge Thomas —

Affirming.

On November 18, 1910, Paintsville National Bank executed to Mrs. Alice Mayo this writing: “Paintsville, Ky. Nov. 18, 1910. Received of Alice Mayo, Seventy five hundred [$7500.00] Dollars of U. S. Bonds, deliverable to her order six months from date of notice, in bonds of same issue in her name or to her order, or cash equal to the par value of the bonds, at our option, for which we agree to pay her 2% in addition to the Government rate, bonds being 2% Consols of the issue-of 1930. Paintsville National Bank by Jno. E. Buck ingham, Cashier.”…