Bank of Commerce & Trust Co. v. City of Memphis, et al.

Order: 
Supreme Court Case Name: 
Bank of Commerce & Trust Co. v. City of Memphis, et al.
Case Date: 
1925
Court Origin: 
Chancery
Cause/Crime: 
Loan

Database - TN Research:

County:

Division: 
West
Number of Pages: 
194
Notes / Description: 

Additional defendants: F. G. Proutt, Thomas F. Stratton, John M. Dean, The Board of Water Commissioners. The plaintiff, formerly recognized as Memphis Trust Company, alleged the City's execution of a trust deed for securing a large bond and said trust detailed the ownership of water rights. The bank avers the commissioners withdrew bond money, not for water improvements, but for issuing time bonds to different banks around the city.