Allmon v. Salem Building & Loan Ass'n

On and prior to January 28, 1904, John C. Stonecipher became the record owner of thirty-six shares of the capital stock of the Salem Building and Loan Association of the par value of $100 each at maturity, or approximately ten years from date, ten shares of which were executed and delivered by said association May 12, 1896, six shares thereof March 18, 1898, ten shares thereof December 31, 1898, and ten of such shares October 5, 1899. On August 12, 1904, and on September 10, 1906, respectively, said Stonecipher executed and delivered to H. L. Allmon, for money borrowed of the latter, two…