Trustees of the University of North Carolina v. State National Bank
Supreme Court of North Carolina
Civil ACTION, tried before Avery, Judge, and a jury, at February Civil Term, 1884, of Wake Superior Court. There was a judgment for the plaintiffs, and the defendants appealed. The facts fully appear in the opinion.
1Opinion of the CourtSmith, C. J.
Robert W. Lassiter, treasurer of the plaintiff, having in custody its funds for safe keeping, deposited with the defendant, the State National Bank, five several bonds of the State, as collateral security for moneys advanced to him, or, as the parties describe the transaction, hypothe-cated them for that purpose.
Of these bonds, two, numbered 640 and 387, were sold by the Bank on December 8th, 1875, and the three others, numbered 11, 473 and 1854, were in like manner sold, sometime between the 3d day of August and the 14th day of October, 1878, and the proceeds of sales applied according to…
2Cases cited1 opinion
- Blount v. . ParkerSupreme Court of North Carolina · 1878
3Cited by25 opinions
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- Latham v. LathamSupreme Court of North Carolina · 1922
- Latham v. . LathamSupreme Court of North Carolina · 1922
- Doyle v. . BushSupreme Court of North Carolina · 1915
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