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BRYANT v. LINN COUNTY, OR.

No. E-9449.

27 F.Supp. 562 (1938)

BRYANT v. LINN COUNTY, OR., et al.

District Court, D. Oregon.

October 24, 1938.

Attorney(s) appearing for the Case

Oscar Hayter, of Dallas, Or., for plaintiff.

Mark V. Weatherford and J. K. Weatherford, Jr., both of Albany, Or., for all defendants except United States Nat. Bank of Portland.

JAMES ALGER FEE, District Judge.

This suit was brought by the Receiver of The First National Bank of Albany, Oregon, an insolvent institution to prevent the payment of the proceeds of bonds pledged by the Bank to secure deposits made therein by the officers of Linn County. Most of these deposits were in the form of checks drawn upon institutions outside of Albany. These instruments were forwarded to correspondent institutions and the credits thereby obtained were...

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