Rugger v. Hammond

Parker, J. —

This action was originally commenced in the superior court for Pacific county by the plaintiff, Rugger, against the Raymond Trust Company, a banking eorpora*86tion, to recover the sum of $3,551.59, which he claims had been received by that company for him as the proceeds of the sale of certain local improvement bonds belonging to him. Thereafter the Raymond Trust Company became insolvent, when its property and affairs passed into the hands of the defendant, Hammond, as receiver for the benefit of its creditors, and thereafter the case proceeded to trial as against the receiver upon…