Golden Valley County ND Archives News.....Bellevue Attorney Sued By Bank Receiver May 24, 1927
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Ken Wright wright@prestontel.com March 2, 2011, 8:42 pm

Jackson Sentinel May 24, 1927
Jackson Sentinel, Maquoketa, Iowa, May 24, 1927

BELLEVUE ATTORNEY SUED BY BANK RECEIVER

Eli Cole, Bellevue capitalist and attorney, is defendant in an action filed in 
the district court of Jackson county by L. R. Laird, receiver of the Golden 
Valley State Bank of Beach, North Dakota, in which judgment of $24,500 is 
asked, this amount, being due on an assessment of stock of the bank owned by 
the Bellevue man, the petition declares.

Attorneys for the bank receiver, in announcing the filing of the action, 
stated that the North Dakota bank is capitalized for $50,000 and that $24,000 
of the capital stock is registered as being owned by the Bellevue capitalist. 
The bank closed February 23, 1926, and a receiver was appointed. A 100 per 
cent assessment was levied against the stock of the bank and Eli Cole, the 
petition alleges, has failed to pay this assessment.


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