Skinner v. Southern Home Building & Loan Ass'n

This case was taken up for consideration by Division B, but there being a difference of opinion, was referred by it to the whole court for decision.

This is a suit in equity instituted by a foreign corporation to enforce a mortgage lien, to which was interposed among other defenses that of usury.

One of the defendants, Lee B. Skinner, on March 31, 1896, secured from the Southern Flome Building and Loan Association, hereafter referred to as the association, in which he held twenty-five shares of the par value of one *549hundred dollars per share, a loan of twenty-five hundred dollars, to secure…