Case Name: Southern Banking and Trust Company v. Fidelity Banking and Trust Company
Court: Supreme Court of Georgia
Jurisdiction: Georgia
Decision Date: 1898-07-28
Citations: 105 Ga. 487
Docket Number: 
Parties: Southern Banking and Trust Company v. Fidelity Banking and Trust Company.
Judges: All the Justices concurring.
Reporter: Georgia Reports
Volume: 105
Pages: 487–487

Head Matter:
Southern Banking and Trust Company v. Fidelity Banking and Trust Company.
Argued December 8, 1897.
Decided July 28, 1898.
Complaint for damages. Before Judge Reid. City court ■of Atlanta. May term, 1897.
Brandon & Arkwright, for plaintiff.
W- M, Everett and Rosser & Carter, for defendant.

Opinion:
'.By the Court.
1. Though the act of October 21, 1891, "to prescribe the method of granting charters to banking companies," etc., in the first section thereof declares that " all banking companies hereafter chartered in this State shall have and exercise the powers . . hereinafter specified," the word " hereafter " should not be construed as having the effect of rendering the language inserted in the fourth section of the above act by the amendatory act of December 20, 1893, whereby liens are created in favor of banking companies for debts due to them by stockholders upon stock held by the latter, operative as to stock which had already been issued by a banking company, chartered under the provisions of the first act, prior to its amendment. Acts 1890-91, vol. 1, p. 172; Acts 1893, p. 78.
'2. The amending act could in no event restrict the negotiability of any stock which was in existence when it was passed.
Judgment reversed.
All the Justices concurring.