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TOOMBS v. CITIZENS BANK

No. 485.

281 U.S. 643 (1930)

50 S.Ct. 434

74 L.Ed. 1088

TOOMBS v. CITIZENS BANK OF WAYNESBORO.

Supreme Court of United States.

Decided May 26, 1930.

Attorney(s) appearing for the Case

Mr. W.A. Slaton was on the brief for appellant.

Messrs. Carl N. Davie and Earl Norman were on the brief for appellee.

MR. JUSTICE STONE delivered the opinion of the Court.

This is an appeal from a judgment of the Supreme Court of Georgia, upholding the constitutionality of the provisions of the Georgia statutes regulating the assessment, by corporate action, of shareholders of state banking institutions whose capital has become impaired. 169 Ga. 115. Section 1 of Art. VI, Georgia Banking Law, Act of August 26th, Ga. Laws, 1925, p. 126, amending Art. VI, Ga. Laws, 1919, p. 135; Ga...

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