Intermountain Building & Loan Ass'n v. Casper Mutual Building & Loan Ass'n

Blume, Justice.

The defendant in this case is a mutual building and loan association under the laws of this state, issuing stock of the par value of |200 each, in series, estimated to mature in 96 months by the earnings of the association and the payment on each share of the sum of $1.00 each month. One Howard Miller and his wife became stockholders in the association, acquiring 40 shares of stock in series 9, and on October 27th, 1920, borrowed money from it, giving their note for the sum of $4000 secured by a mortgage on lot 5, block 1.4, in Butler’s Addition to Casper. On May 27, 1921,…