(Download) "Trott v. Cullen" by Tenth Circuit Circuit Court of Appeals * Book PDF Kindle ePub Free
eBook details
- Title: Trott v. Cullen
- Author : Tenth Circuit Circuit Court of Appeals
- Release Date : January 02, 1937
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 50 KB
Description
The First National Bank of Alva, Okl., was the designated and acting depository of school district No. 1 in that city. The bank was declared insolvent and suspended business on March 14, 1932, having $6,258.61 of school money on deposit at that time. Following our decision in Kavanaugh v. Fash, 74 F.2d 435, sustaining the pledge of certain assets to secure the deposit, the treasurer of the school district and the treasurer of the county instituted this action in the state court against the bank and the receiver to foreclose the lien. A decree of foreclosure was sought for the amount of the deposit with interest thereon at the rate provided by law, costs and expenses of preserving the securities and making sale of them, and reasonable attorneys fees. After the cause had been removed to the United States District Court the bank and the receiver answered that at all times since receipt of the mandate in the former case, the receiver had been ready, willing, and anxious to pay the amount of the deposit, but that plaintiffs had demanded interest, expenses, and attorneys fees in addition.