FEDERAL DEPOSIT INS. CORPORATION v. CASADY

No. 1833.

106 F.2d 784 (1939)

FEDERAL DEPOSIT INS. CORPORATION v. CASADY, Town Treasurer, et al.

Circuit Court of Appeals, Tenth Circuit.

September 25, 1939.


Attorney(s) appearing for the Case

M. W. McKenzie, of Oklahoma City, Okl. (Francis C. Brown, of Washington, D. C., and Everest, McKenzie & Gibbens, of Oklahoma City, Okl., on the brief), for appellant.

W. C. Austin, of Altus, Okl. (F. R. Blosser, of Cheyenne, Okl., and Robert B. Harbison, of Altus, Okl., on the brief), for appellees.

Before PHILLIPS, BRATTON, and WILLIAMS, Circuit Judges.


WILLIAMS, Circuit Judge.

The First State Bank of Cheyenne, Oklahoma, having become insolvent on March 25, 1935, it was closed and taken over by the Bank Commissioner of said state for liquidation. Deposits in said bank were insured by the Federal Deposit Insurance Company as limited by Section 12B (a), (y), of Act of June 16, 1933, § 8, 48 Stat. 168, 179, as amended by Act of June 16, 1934, § 1, 48 Stat. 969, 12 U.S.C. A. § 264.

John C. Casady...

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