Moore v. Olcott

The sole question presented is whether the defendants can lawfully reject an application for a loan upon the ground that the applicant will use the money borrowed for purposes other than to acquire a farm or a home as provided, by Section 7, Chapter 201, Laws of 1921, which reads as follows:

“Any person fully qualified to receive either a loan or bonus hereunder shall have the option of electing to take either a cash bonus or to receive a farm or home loan, but no person shall be entitled to both a cash bonus and a farm or home loan.”

*271Section 1 of the act recites that:

“The State of Oregon, for…