Rehearing herein was had at the same time as in Bankers TrustCo. v. Russell, 263 Mich. 677; and decision on rehearing of the latter case is *Page 583
controlling. Our former decision is affirmed and the case remanded to the circuit court for further proceedings therein.
McDONALD, C.J., and CLARK, POTTER, SHARPE, FEAD, WIEST, and BUTZEL, JJ., concurred.