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FLORIDA ASPHALT PAVEMENT MFG. CO. v. FEDERAL RESERVE BANK

Nos. 7498, 7477.

76 F.2d 326 (1935)

FLORIDA ASPHALT PAVEMENT MFG. CO. v. FEDERAL RESERVE BANK OF ATLANTA. DAVIS v. SAME.

Circuit Court of Appeals, Fifth Circuit.

Rehearing Denied April 13, 20, 1935.

Attorney(s) appearing for the Case

E. T. Shurley, Ernest B. Drumright, and Hilton S. Hampton, all of Tampa, Fla., for appellant Davis.

Hilton S. Hampton and Jno. W. Bull, both of Tampa, Fla., for appellants Florida Asphalt Pavement Mfg. Co. and Cobb.

K. I. McKay and R. W. Withers, both of Tampa, Fla., for appellee.

Before BRYAN, FOSTER, and HUTCHESON, Circuit Judges.

FOSTER, Circuit Judge.

These two cases were argued together, present the same questions for decision, and may be conveniently disposed of by one opinion. In each case the declaration discloses the following material facts: The Florida Asphalt Block Paving Company, a corporation, held six notes of other corporations, aggregating about $59,600 face value, acquired for value before maturity, and indorsed and discounted them with the Citizens' Bank & Trust Company...

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