THOMPSON v. PARK SAV. BANK

No. 6635.

96 F.2d 544 (1938)

THOMPSON et al. v. PARK SAV. BANK et al.

United States Court of Appeals for the District of Columbia.

Decided March 7, 1938.


Attorney(s) appearing for the Case

J. Bruce Kremer, George B. Springston, Herbert M. Bingham, E. Hilton Jackson, William E. Richardson, and Ward B. McCarthy, all of Washington, D. C., for appellants.

Joseph T. Sherier and Otis Beall Kent, both of Washington, D. C., for appellees.

Before GRONER, Chief Justice, and STEPHENS and MILLER, Associate Justices.


GRONER, C. J.

Park Savings Bank was incorporated August 30, 1909, under the laws of Alabama to do a banking business. The capital stock was limited in amount to $50,000, and the duration of the corporation fixed by its charter and the laws of Alabama was twenty years, with the privilege of extension. From its incorporation to March 6, 1933, the bank was engaged exclusively in a general banking business in the District of Columbia. Most of its stockholders, directors...

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