147 Ga. 273 | Ga. | 1917
The State of Georgia filed its petition for injunction and receivership against the Bank of Southwestern Georgia, it being alleged, that on the 5th day of March, 1915, that bank had placed its affairs and assets under the control of the State bank examiner, by posting a notice in accordance with the statute on the front door of the building in the City of Americus; that the examiner had taken -possession of the bank, together with all of its assets and property of every nature and kind; and that after examination duly completed he was satisfied that the bank could not resume business and liquidate its indebtedness, and he thereupon reported the fact of the insolvency of the banking corporation, etc. The attorney-general of the State was duly instructed to institute proper proceedings for the purpose of having a receiver appointed to take charge of the bank and to wind up its affairs and business. The petition coming on to be heard on a date named, L. G. Council was appointed permanent receiver of the property of the insolvent bank, and was given appropriate instructions as to his duties. Numerous creditors of the bank intervened and became parties to the proceedings. E. E. Collins, executor, and 'oth
None of the exceptions not specifically dealt with show cause for a reversal of the judgment of the court below.
Judgment affirmed in the case first stated.