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CITIZENS' NAT. BANK v. SANTA RITA HOTEL CO.

No. 5249.

22 F.2d 524 (1927)

CITIZENS' NAT. BANK OF LOS ANGELES v. SANTA RITA HOTEL CO.

Circuit Court of Appeals, Ninth Circuit.

November 14, 1927.

Attorney(s) appearing for the Case

Frank E. Curley and Samuel L. Pattee, both of Tucson, Ariz., for appellant.

S. L. Kingan and George R. Darnell, both of Tucson, Ariz., for appellee.

Before GILBERT, RUDKIN, and DIETRICH, Circuit Judges.

RUDKIN, Circuit Judge.

Santa Rita Hotel Company is a corporation organized under the laws of the state of Arizona, and during the period covered by the transactions here involved one Huffman was its president and one Mets its secretary. On July 5, 1923, Mets borrowed from the Citizens' National Bank of Los Angeles the sum of $5,000, and pledged two certificates of stock, standing in his name, in the hotel company, as collateral security for the payment of the loan...

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