BECKLEY — A Charleston bank is suing a heating and air conditioning business, alleging breach of a promissory note in failing to pay more than $26,000.
City National Bank of West Virginia filed a complaint March 22 in Raleigh Circuit Court against Clay Heating & Air Conditioning Inc. and Larry A. Clay, alleging failure to perform their contractual obligations.
According to the complaint, on Dec. 10, 2015, the defendants issued a promissory in favor of City National in the amount of $30,000 with a promise to pay the same in monthly interest payments. In April 2017, the suit says, the parties amended the note to a monthly payments of principal and interest in the amount of $300.
To date, the lawsuit states, the defendants are liable to City National for $26,362.80. The plaintiff alleges Clay Heating & Air Conditioning and Clay, despite demand for payment, have failed to cure their default.
City National Bank of West Virginia seeks trial by jury, damages of $26,362.80, plus costs, attorney fees and all other general relief. It is represented by attorney Raymond G. Dodson of Charleston.
Raleigh Circuit Court case number 18-C-174