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RECONSTRUCTION FINANCE CORPORATION v. CENTRAL REPUBLIC TRUST CO.

No. 14189.

30 F.Supp. 1018 (1939)

RECONSTRUCTION FINANCE CORPORATION v. CENTRAL REPUBLIC TRUST CO. et al.

District Court, N. D. Illinois, E. D.

December 6, 1939.

Attorney(s) appearing for the Case

O. John Rogge and Harold Rosenwald, both of Washington, D. C., and William S. Allen, Lee Walker, and M. O. Hoel, all of Chicago, Ill., for the RFC.

Taylor, Miller, Busch & Boyden, of Chicago, Ill., for Central Ins. Co. of Illinois.

WILKERSON, District Judge.

Plaintiff seeks to recover $20,000 added stock liability on 200 shares of Central Republic Bank and Trust Company stock acquired between 1924 and 1931 by Central Life Insurance Company of Illinois and held by it on the dates in question in this case. The defendant contends that the ownership was ultra vires.

Defendant was incorporated in 1907 under the Illinois Act of 1869 (Callaghan's Ill.Stats.Ann. ch. 73, par. 334, Smith-Hurd...

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