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FIRST NAT. BANK OF STOUTLAND v. STOUTLAND SCH. DIST.

No. 46715.

319 S.W.2d 570 (1958)

FIRST NATIONAL BANK OF STOUTLAND, Missouri, Respondent, v. STOUTLAND SCHOOL DISTRICT R2, Camden and Laclede Counties, Stoutland, Missouri, Appellant.

Supreme Court of Missouri, Division No. 2.

Motion for Rehearing or to Transfer Denied January 12, 1959.

Attorney(s) appearing for the Case

Dillard & Grossenheider, Donnelly & Donnelly, Lebanon, for appellant.

Claude T. Wood, Richland, Neale, Newman, Bradshaw, Freeman & Neale, Jean Paul Bradshaw, Donald J. Hoy, Springfield, for respondent.

Motion for Rehearing or to Transfer to Court en Banc Denied January 12, 1959.

BARRETT, Commissioner.

In three separate transactions in February and April 1953, the First National Bank of Stoutland loaned Stoutland School District R2 of Camden and Laclede counties $31,000. Upon the district's refusal, on December 28, 1953, to pay the loans the bank instituted this action against the district to recover a judgment for the principal sums loaned, together with...

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