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CAPITOL BANK & TRUST CO. v. CITY OF WATERVILLE

343 A.2d 213 (1975)

CAPITOL BANK & TRUST COMPANY v. CITY OF WATERVILLE and Federal Trust Company.

Supreme Judicial Court of Maine.

August 13, 1975.

Attorney(s) appearing for the Case

Sanborn, Moreshead, Schade & Dawson, by Peter T. Dawson, Augusta, for plaintiff.

Shiro & Jabar, by John P. Jabar, Waterville, for defendants.

Before DUFRESNE, C. J., and WEATHERBEE, POMEROY, ARCHIBALD and DELAHANTY, JJ.

DUFRESNE, Chief Justice.

Capitol Bank & Trust Company (the Bank), pursuant to the terms of an escrow agreement entered into with the defendant City of Waterville (the City), deposited with the defendant Federal Trust Company the sum of $15,701.42 to guarantee the payment of certain taxes for the years 1968, 1969, and 1970 which the City claimed one Phil J. Gullifer, doing business as Phil's Auto Sales, owed it on his stock in trade consisting of mobile homes....

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