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CITIZENS' NAT. BANK IN WAXAHACHIE v. CITIZENS' NAT. BANK

No. 4731.

9 F.Supp. 513 (1935)

CITIZENS' NAT. BANK IN WAXAHACHIE v. CITIZENS' NAT. BANK OF WAXAHACHIE et al.

District Court, N. D. Texas, Dallas Division.

January 29, 1935.

Attorney(s) appearing for the Case

Clark & Rice, of Dallas, Tex., for the motion.

Locke, Locke, Stroud & Randolph and Maurice Purnell, all of Dallas, Tex., opposed.

ATWELL, District Judge.

This is a suit for $75,190.16, brought by the plaintiff as the assignee of certain assets of the defendant bank, and as the holder of an indemnifying promissory note in the sum of $200,000. On January 2, 1931, the Citizens' National Bank of Waxahachie, finding itself in distress, sold to the plaintiff all of its properties and assets, both ledger and nonledger, consisting of cash on hand, and in its vaults, balances with correspondents, notes...

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