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AMERICAN SECURITIES CO. v. WILKINS

No. 5470.

32 F.2d 35 (1929)

AMERICAN SECURITIES CO. et al. v. WILKINS.

Circuit Court of Appeals, Fifth Circuit.

April 4, 1929.

Attorney(s) appearing for the Case

T. J. Shackelford, Max Michael, and Lamar C. Rucker, all of Athens, Ga. (Shackelford & Shackelford and Green & Michael, all of Athens, Ga., on the brief), for appellants.

Wm. Hart Sibley, of Atlanta, Ga., and Wolver M. Smith, Henry C. Tuck, Horace M. Holden, and John B. Gamble, all of Athens, Ga., for appellee.

Before WALKER, BRYAN, and FOSTER, Circuit Judges.

FOSTER, Circuit Judge.

The American State Bank of Athens, Ga., was taken over by the state superintendent of banks for liquidation. Under the Georgia law an assessment was made against John J. Wilkins as a stockholder; execution was issued against him and levied on 996 shares of stock of the Belgrade Manufacturing Company. All of the assets of the bank, including this assessment, were transferred to the American Securities Company.

Appellee Mrs. Jessie Horton...

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