Court of Appeals of Kentucky (pre-1976) October 20, 1933 (First National Bank & Trust Co. of Covington v. Perry)

Opinion of the Court by

Hobson, Commissioner

Reversing.

In tlie latter part of the year 1931 and early in January, 1932, the Latonia Deposit Bank & Trust Com-

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panv borrowed money from the First National Bank & Trust Company of Covington, executing notes therefor which footed up $70,000; the notes being, secured by collateral of the par value of $158,450.