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STARMOUNT CO. v. OHIO SAV. BANK & TRUST CO.

No. 3220.

55 F.2d 649 (1932)

STARMOUNT CO. v. OHIO SAV. BANK & TRUST CO. et al. OHIO SAV. BANK & TRUST CO. v. TOWN OF HAMILTON LAKES. FIRST NAT. BANK OF OAK HARBOR v. SAME.

Circuit Court of Appeals, Fourth Circuit.

January 12, 1932.

Attorney(s) appearing for the Case

E. S. Parker, Jr., of Greensboro, N. C. (Julius C. Smith and Brooks, Parker, Smith & Wharton, all of Greensboro, N. C., on the brief), for appellant.

Charles A. Hines, of Greensboro, N. C., and Robert R. Reed, of New York City (Wm. Henry Hoyt, of New York City, and Norman A. Boren, of Greensboro, N. C., on the brief), for appellees.

Before PARKER and SOPER, Circuit Judges, and CHESNUT, District Judge.

SOPER, Circuit Judge.

These consolidated actions were brought by Ohio corporations, engaged in the banking business, against the town of Hamilton Lakes, incorporated under the laws of the state of North Carolina, to obtain judgment for the amount of the principal and interest due and owing upon certain municipal bonds issued by the town and owned by the corporations. No defense was interposed by the town; but the Starmount Company, a North Carolina corporation, which...

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