First National Bank (Checotah, OK)

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BANK AT CHECOTAH CLOSES ITS DOORS

Checotah, Dec. First Nat. ional bank, oldest bank in Checotah, failed to open for business Thursday.

"This bank closed by orders of the directors," announced a sign on the entrance of the bank. Suspension of the bank, carrying approximately $300,000 in deposits, was unexpected. The institution had a capital of $50,000. J. L. Price was president and Jay Pierce was cashier. Price was reported Thursday to be in Muskogee. Pierce declined to comment on the suspension. Checotah has two other banks, a national bank and a state bank.

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Bank At Checotah Closes Its Doors

CHECOTAH, Dec. 2-The first National bank, oldest bank in Checotah,

"This bank closed by orders of the board of directors," announced a sign on the entrance of the bank. Suspension of the bank, carrying approximately $300,000 in deposits, was unexpected. The institution had a

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CHECOTAH BANK RECEIVER

SUES ON $12,500 STOCK

Harwood Keaton, receiver of the First National bank of Checotah, filed suit in the U. S.distriet courtyesterday against J. Owen Price for $12,500, the par value of his stock in the defunct bank. Under the U. S. banking laws each stockholder of a national bank is held responsible the full amount of the stock he holds in the institution, and the receiver may make an Assessment of 100 cents on the the lollar on his stock. J. Owen Price owned, according to the bill of complaint, 128 shares in the bank. The suit is instuted to compel him to pay the full amount of his stock plus interest at the rate of 6 percent from December 1, 1927, the date when the bank went into the hands of the re-

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CHECOTAH BANK RECEIVER SUES ON $12,500 STOCK

One Holder of Shares Is Asked to Pay At Par Value: Institution Long Closed Harwood Keaton, receiver of the First National bank of Checotah. filed sult in the U. S. district court yesterday against J. Owen ice for $12,800. the par value of hjs stock in the defunct bank Under the U. S. banking laws, each ockholder of a national bank is held responsible for the full amount of the stock he holds in the institution and the receiver may mak an assessment of 100 cents on the dollar on his stock Owen Price owned, according to the bill of complaint, 128 shares in the bank. The suit is instituted to compel him to pay the full amount of his stock plus interest at the rate of 6 percent from December 1927, the date when the bank went into the hands of the receiver

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CHECOTAH BANK RECEIVER SEEKS TO GET JUDGEMENT

Suit was today filed in federal court by Harwood Keaton. receiver for the First National bank of Checotah, against T. R. Pipkins and Maggie Pip kins.

The petitions states that prior to failure December, 1927 the bank secured judgment for $2360.23 against Pipkins, This judgment could not be collected. the petition states, for the reason that Pipkins had transferred real estates to his wife. The relief asked for the bank is that the property transfer be declared void, to enable the bank to collect.

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CHECOTAH BANK RECEIVER SEEKS TO GET JUDGEMENT

Suit was today filed in federal court by Harwood receiver for the First National bank of Checotah. against T. R. Pipkins and Maggie Pipkins. The petitions states that prior to failure December. 1927. the bank secured judgment for $2360.29 against

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EASTMAN RICHARDS SUES BANK RECEIVER

Eastman Richards, wealthy McIntosh county Indian guardian son, Eastman Jr., filed suit against Harwood Keaton, receivor of the defunct First National bank of Checotah, Tuesday for the return of $3450 in liberty bonds to his son which were deposited in the Checotah bank for sale keeping, and have not been returned since the bank became insolvent.

The Checotah bank ceased busi ness November 15, 1927, and action is brought to bring a trust in favor of the complainant in personal property to the value of $3450 now in the hands of the repondent. Richards asks that the respondent pay and deliver the bonds free and clear.

The liberty bonds were deposit ed in a safety deposit box, in August 1924. Demands have been made for the bonds Richards states in the petiton but the respondent has failed and neglected to return them.

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CHECOTAH BANK RECEIVER SEEKS TO GET JUDGMENT

Suit was filed Wednesday in federal court in Muskogee by Harwood Keaton, receiver for the First National bank of Checotah, gainst T. R. Pipkins and Maggie Pipkins of Eufaula.

The petitions states that prior to failure December 1927. the bank secured a judgment for $2360.29 against Pinkins.

This indgment could not be col lected. the petition states. for the pason that Pipkins had transfer red real estates to his wife. The polief asked for the bank is that the property transfer be declared void. to enable the bank to col-

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EASTMAN RICHARDS SUES BANK RECEIVER

Eastman Richards, wealthy MeIntosh county Indian guardian of son, Eastman Jr., filed suit against Harwood Keaton, receivor of the defunet First National bank of Checotah, Tuesday for the return of $3450 in liberty bonds to his son which were deposited in the Checotah bank for cale keeping, and have not been returned since the bank became insolvent.

The Checotah bank ceased busi ness November 15, 1927. and action is brought to bring a trust in favor of the complainant in personal property to the value of $3450 now in the hands of the repondent. Richards asks that the respondent pay and deliver the bonds free and clear.

The liberty bonds were deposit ed in a safety deposit box, in August 1924. Demands have been made for the bonds Richards states in the petiton but the respondent has failed and neglected to return them.

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CHECOTAH BANK RECEIVER SEEKS TO GET JUDGMENT

Suit was filed Wednesday in federal court in Muskogee by Harwood Keaton, receiver for the First National bank of Checotah, gainst T. R. Pipkins and Maggie

The petitions states that prior to failure December 1927, the bank secured a judgment for $2360.29 against Pinkins. This iudgment could not be col lected the petition states, for the 'ason that Pipkins had transfer red real estates to his wife The polief asked for the bank is that the property transfer be declared void. to enable the bank to col-

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NOTICE OF SALE OF BANK BUILDING AND FIXTURES.

Notice is hereby given, that the undersigned Receiver The First Na. tional Bank of Checotah. Oklahoma, Corporation. has been authorized the Comptroller the Currency of the United States, upon first procuring an order Court directing the same, sell. and execute Receiver's or Quit Claim Deed to the real estate assets: and to sell. and execute Sale to the chattel assets of said bank, herein described for cash sum of not less than Six Thousand Dollars ($6,000.00) with the provision that the purchaser of said real estate will permit said receiver to retain sufficient office and vault space in said building. for his use, during the life of said receivership without charge

Said real estate being described am follows:

Lot Twenty-two (22) in Block' Sixty-eight (68) the City Checotah, McIntosh County, Okla homa, and being the real estate and banking building thereon belonging to said bank.

Said chattel assets being described

Fixtures in said bank Partitions building consisting Counters, and Telephone Booth

And that said Receiver has filed in the District Court McIntosh County. Oklahoma, his petition praying for an order of said Court directing him sell said real estate assets and execute Receiver's or Quit Claim Deed thereto: and sell said chattel assets and the execute bill of sale thereto, terms, conditions and provisions hereinabove set out. And that said Court has set the 11th day of February, 1929, the hour 10 o'clock in the forenoon of said day as the date for hearing upon said petition, in the Court Room of the District Court of McIntosh County, Oklahoma, at Eufauat which time and place any and all persons interested are invited and requested to be present and submit fers for said property. if they 80 desire

Dated at Checotah, McIntosh County Oklahoma, this 4th day of February, 1929

HARWOOD KEATON Receiver of the First National Bank of Checotah, Oklahoma, a Corporation.

By Green & Green, Attorneys for said Receiver.

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WEALTHY INDIAN IN SUIT SECURITIES

Muskogee, man Richards, one Oklahoma's richest and Harwood ton Okmulgee, liquidator the First National bank of Checotah, suing other Richards claims he had liberty bonds box the bank and that after the closed door opened his safety box and found only receipt styned by bank officials that they had taken the bonds He wants his

CONTROL BIG FIRE Burning for more than two fire which time endangered the south side the business square here was brought under day with damage estimated at $50.-