Butler v. Mutual Aid, Loan & Investment Co.

Mrs. Butler, who held twenty shares of the ordinary stock in the plaintiff corporation, procured from it an .advance or loan of $1,000 on June 18, 1892. She exe*564cutecl her bond conditioned to be void should she pay to the company so long as it should continue to exist, or as provided in its constitution, by-laws, rules and regulations, $12 monthly as installments due on the stock and $10 monthly as interest and premiums on the advance, keep insured for $800 the building on the property conveyed to secure the repayment of the advance, for the benefit of the company, pay all taxes and…