Interstate Building & Loan Ass'n v. Hafter
Mississippi Supreme Court
From the chancery court of Washington county. Hon. A. H. Longino, Chancellor. The appellee, Mrs. Hafter, was the complainant in the court below; the appellant, the building and loan association, was the defendant there. The opinion states the case. The written contract between the association and Mrs. Hafter shows' that it is not simply a contract of loan.
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From the chancery court of Washington county. Hon. A. H. Longino, Chancellor. The appellee, Mrs. Hafter, was the complainant in the court below; the appellant, the building and loan association, was the defendant there. The opinion states the case. The written contract between the association and Mrs. Hafter shows' that it is not simply a contract of loan. It is executed in reference to the by-laws of the association, which are, by express stipulation, made a part of such contract. The bylaws, taken in their entirety, show that the institution is a mutual building and loan association, and…
1Opinion of the Court
Terral, J.,
delivered the opinion of the court.. In August, 1892, Theresa P. Iiilzim subscribed for twenty shares of stock in the Interstate Building & Loan Association, of Columbus, Ga. On January 21, 1893, she borrowed of the company $1,000, and to secure the repayment of said sum put in pledge her twenty shares of stock, and conveyed to a trustee certain real estate in Washington county, Miss. ' She also contracted to pay to the association on the third Wednesday of each month thereafter $12, as a monthly installment on said loan, until ten shares of said stock, by the installments paid on…
2Cases cited2 opinions
- Supreme Commandery of the Knights of the Golden Rule v. AinsworthSupreme Court of Alabama · 1882
- Supreme Lodge, Knights of Pythias v. KnightIndiana Supreme Court · 1889
3Cited by2 opinions
- Interstate Building & Loan Ass'n v. WootenSupreme Court of Georgia · 1901
- Inge v. Interstate Building & Loan Ass'nMississippi Supreme Court · 1901