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HAIGHT v. CITY OF SYRACUSE

38 F.Supp. 244 (1940)

HAIGHT v. CITY OF SYRACUSE.

District Court, N. D. New York.

May 29, 1940.

Attorney(s) appearing for the Case

Keith F. Driscoll, of Syracuse, N.Y., for receiver of Salt Springs Nat. Bank.

James C. Tormey, Corp. Counsel, of Syracuse, N.Y. (Arthur M. Beach, Deputy Corp. Counsel, of Syracuse, N.Y., of counsel), for City of Syracuse.

BRYANT, District Judge.

By this suit the receiver of the Salt Springs National Bank seeks to recover from the City of Syracuse the proceeds of certain pledged securities paid to the City by the Bank after it was officially closed. Recovery is sought on the ground that the City obtained unlawful preference within the meaning of the National Bank Act. There is no dispute of material facts.

The Salt Springs National Bank of Syracuse, a duly chartered national...

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