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AMERICAN WATER CO. v. LANKFORD

No. 418.

235 U.S. 496 (1915)

AMERICAN WATER SOFTENER COMPANY v. LANKFORD AND OTHERS, COMPOSING THE STATE BANKING BOARD OF THE STATE OF OKLAHOMA.

Supreme Court of United States.

Decided January 5, 1915.

Attorney(s) appearing for the Case

Mr. C. Wilfred Conard, with whom Mr. L.J. Roach was on the brief, for appellant.

Mr. Charles West, Attorney General of the State of Oklahoma, for appellees.

MR. JUSTICE McKENNA delivered the opinion of the court.

Appellant, on June 8, 1912, deposited with the Farmers' and Merchants' Bank of Sapulpa the sum of $3,337.50. The bank issued to appellant a certificate of deposit for the sum in the usual form.

The bank, which, it is alleged, was entitled to the benefits of the Oklahoma bank guaranty law, subsequently failed and was closed and taken possession of by appellees, composing the State Banking Board. The certificate...

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