Mutual Bldg. & Sav. Ass'n v. Wilkinson

GETGEB, District Judge.

The plaintiff is a corporation organized under the laws of AVisconsin, and its business and purpose is “the creation and care of a mutual savings fund for the payment to it by its members, and the making of loans to its members therefrom, upon real estate securities and upon such oilier securities as are authorized by the laws of the state of AVisconsin.”

The laws of Wisconsin define quite clearly its powers and its limitations. It can issue stock and make loans to members only, upon their subscriptions, or upon their obligations, for payment or repayment in accordance…