Ayers v. . Bailey

Tbe complaint alleges tbat tbe defendants were tbe officers of tbe' Bank of Mitcbell, and as sucli negotiated tbe merger of said bank witb tbe Mitcbell County Bank, and'tbat as a part of tbe contract of merger and as a consideration and inducement thereto, tbey contracted witb tbe latter bank tbat tbe defendants and plaintiffs,' wbo were alE-stock-bolders in said Bank of Mitcbell, should guarantee alftnotes, bonds, and instruments which- were transferred by it to said Mitcbell County Bank. That tbe plaintiffs, at tbe special request of tbe .defendants, as stockholders entered into written…