Moore v. Cameron Building & Loan Ass'n
Missouri Court of Appeals
Appeal from the Clinton Circuit Court. — Hon. W. 8. Herndon, Judge. (1) The circuit court committed error in refusing to permit plaintiff to prove that defendant association had a fixed minimum premium of forty cents per month on each $100 loaned in letting all of its money; and that its secretary, who usually did the bidding in making loans, uniformly bid only forty cents per month as premium on $100 after the adoption of the by-laws of July 1, 1893; for this proof would…
Read the full summary
Appeal from the Clinton Circuit Court. — Hon. W. 8. Herndon, Judge. (1) The circuit court committed error in refusing to permit plaintiff to prove that defendant association had a fixed minimum premium of forty cents per month on each $100 loaned in letting all of its money; and that its secretary, who usually did the bidding in making loans, uniformly bid only forty cents per month as premium on $100 after the adoption of the by-laws of July 1, 1893; for this proof would have disclosed the usual course of business of the association, and would have tended to show that the bidding was only…
1Opinion of the CourtGill, J.
Statement. — The defendant is, and has been for several years, a building and loan association at Cameron, organized and doing business under article 9, chapter 42, Revised Statutes 1889, and plaintiff is and has been the owner of three shares of its stock. In beptember, 189o, defendant loaned to plaintiff from its accumulated assets the sum of $600, the latter at the time giving his note therefor by which he obligated himself to pay six per cent interest per annum, payable monthly, $3 monthly dues on his stock and $2.40 monthly premium. To secure this obligation plaintiff made to the…
2Cited by12 opinions
- McDonnell v. De Soto Savings & Building Ass'nSupreme Court of Missouri · 1903
- Ruppel v. Missouri Guarantee, Savings & Building Ass'nSupreme Court of Missouri · 1900
- Cover v. Mercantile Mutual Building & Loan Ass'nMissouri Court of Appeals · 1902
- Barnes v. Missouri Guarantee Savings & Building Ass'nMissouri Court of Appeals · 1900
- State v. Phoenix Loan Ass'nMissouri Court of Appeals · 1900
7 more not listed; retrieve them via the Exa API.