Judges: PER CURIAM.
Attorneys: John H. Carter John H. Carter, Jr., for Appellants;
James H. Finch and B.L. Solomon, for Appellees.
Filed: Jul. 28, 1939
Latest Update: Mar. 02, 2020
Summary: The record in this case shows that the Citizens State Bank for many years past has conducted a general banking business at Marianna, Florida. It was capitalized at $30,000.00, and during the year 1925, or 1926, the State Comptroller raised the question of its solvency and called a meeting of the directors and insisted that its capital structure be repaired. He considered an assessment against the stockholders, and E.N. Horne, D.A. McKinnon, R.H. Adams, W.S. Brandon, and L.G. Phillips, stockholde
Summary: The record in this case shows that the Citizens State Bank for many years past has conducted a general banking business at Marianna, Florida. It was capitalized at $30,000.00, and during the year 1925, or 1926, the State Comptroller raised the question of its solvency and called a meeting of the directors and insisted that its capital structure be repaired. He considered an assessment against the stockholders, and E.N. Horne, D.A. McKinnon, R.H. Adams, W.S. Brandon, and L.G. Phillips, stockholder..
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After full consideration pursuant to rehearing granted and oral argument before us, we reach the conclusion that the disposition of the cause depends entirely on the force, effect and sufficiency of the evidence.
The chancellor rendered a full and comprehensive decree detailing his findings of fact and applying legal principles to those findings. The decree finds ample substantial support in the record and therefore should not be disturbed by the Appellate Court.
The decree should be, and is, affirmed.
So ordered.
TERRELL, C. J., and BROWN, BUFORD and THOMAS, J. J., concur.
WHITFIELD and CHAPMAN, J. J., dissent.
