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RECONSTRUCTION FINANCE CORPORATION v. RAWLINGS

No. 7433.

76 F.2d 566 (1935)

RECONSTRUCTION FINANCE CORPORATION et al. v. RAWLINGS.

Circuit Court of Appeals, Fifth Circuit.

Rehearing Denied April 13, 1935.

Attorney(s) appearing for the Case

Anna Judge Veters, of New Orleans, La., for appellants.

Sam C. Cook, of Clarksdale, Miss., and S. E. Morse and W. H. White, both of Gulfport, Miss., for appellee.

Before BRYAN, FOSTER, and HUTCHESON, Circuit Judges.

HUTCHESON, Circuit Judge.

Plaintiff's suit was in equity for a setoff, and to redeem collateral held in pledge. His bill admitted that the First National Bank in Gulfport, of which he was receiver, owed the defendant as assignee of the Canal Bank & Trust Company, a Louisiana state bank, $13,067.77, fully secured. It alleged that the Canal Bank was the owner of the 256 shares of the Gulfport Bank in the name of Wendell, and as such owed an assessment of $6,290...

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