OLD FIRST NAT. BANK & TRUST CO. v. BARRETT

No. 2068.

14 F.Supp. 778 (1936)

OLD FIRST NAT. BANK & TRUST CO. OF FORT WAYNE, IND., v. BARRETT, Auditor of Public Accounts, et al.

District Court, S. D. Illinois, S. D.

May 14, 1936.


Attorney(s) appearing for the Case

Jacob Levin, of Chicago, Ill., and Brown, Hay & Stephens, of Springfield, Ill., for plaintiff.

Otto Kerner, Atty. Gen., of Illinois, and Francis E. Matthews and Schuyler, Weinfeld & Hennessy, all of Chicago, Ill., for defendants.


BRIGGLE, District Judge.

The pleadings disclose the following admitted facts: The Chicago Bank of Commerce (hereinafter called bank) was a banking corporation organized under the general banking laws of Illinois and authorized to do a trust business. While it was a going concern, it became trustee of various trust funds and continued to act as such trustee until the bank was closed by the State Auditor, who appointed a receiver pursuant to the statute. The plaintiff...

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