Supreme Court of North Carolina November 27, 1900 (Cooper v. Security Co.)

Faibcloth, C. J".

For the purpose of this opinion, the facts are: (1) That prior to April, 1893, the defendant, The Adel Security Company, was a duly-organized corpora

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tion, and in 1893, became indebted to tbe plaintiff in tbe sum of $433.