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Bank Held Plenty i |The Rutherfords and Smith gave heir promissory note to the Nation'll Park Bank of New York for $382,500. :he difference between the sale price ind the allowance of 15 per cent to:hem for selling expense, and the National Park Bank made two certill-:ates of deposit, one showing a deposit of $103,500 and the other a deposit Df $270,000.The bank retained the two certifl-! cates as collateral security on the note, although it had as security certificates for the 9.000 shares of stock and for 4.078 additional shares Delonging to the Rutherfords and Smith i collateral note of Robert H. Angell of Roanoke, Va., for $50,000, secured ty a certificate for 1,075 shares of stock in the United Life Accident Insurance Company, and other col-
Newspaper Details
Baltimore Afro American
Baltimore, Maryland, US
Sat, Jul 18, 1931
Page 13
Full Page
Clipped by
Anne A.
MD, USA 12 Mar 2021
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