Thank you for visiting SNEWPapers!
Sign up free
The Record Union
Sacramento, Sacramento County, California
What is this article about?
In Los Angeles Superior Court, Judge Shaw ruled against bondsmen John Bryson Sr., H.J. Wollacott, and W.G. Cochran in a case by State Loan and Trust Company over inadequate securities for deceased bank secretary S.B. Hunt's $15,000 debt shortfall, rejecting their statute of limitations plea.
Clipping
OCR Quality
Full Text
Rendered by Superior Judge Shaw of Los Angeles
LOS ANGELES, Jan. 8. - Judge Shaw in the Superior Court to-day rendered an opinion in the case of the State Loan and Trust Company against John Bryson, Sr., H. J. Wollacott and W. G. Cochran. These three, who are stockholders in the bank, were also bondsmen of S. B. Hunt, who was Secretary of the bank. Hunt borrowed large sums of money from the bank and died. The securities were found to be worth less than his indebtedness in the amount of $15,000. The bondsmen asked the bank to withhold proceedings against them until the securities could be realized upon, and later, when the security was found inadequate, they pleaded the statute of limitations. Judge Shaw refuses to allow this proceeding.
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
Los Angeles
Event Date
Jan. 8
Key Persons
Outcome
judge shaw refuses to allow the bondsmen's plea of the statute of limitations; securities inadequate by $15,000 for hunt's indebtedness.
Event Details
Judge Shaw rendered an opinion in the case of State Loan and Trust Company against stockholders and bondsmen John Bryson Sr., H.J. Wollacott, and W.G. Cochran for S.B. Hunt, the deceased bank secretary who borrowed large sums secured inadequately. Bondsmen requested withholding proceedings until securities realized, then pleaded statute of limitations.