Oak Cottage Building Ass'n, No. 2 v. Eastman
Court of Appeals of Maryland
Appeal from the Supreme Bench of Baltimore City. The facts of the case are sufficiently detailed in the opinion of the Court.
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Appeal from the Supreme Bench of Baltimore City. The facts of the case are sufficiently detailed in the opinion of the Court. The following provisions of the constitution of the appellant, together with the tabular statement, showing the mode in which the Supreme Bench ascertained the amount for which judgment was rendered, will contribute to a proper understanding of the question decided: Article I, section 3. “ Each share to be $120.” Article II, section 3. “ Every stockholder to pay twenty-five cents a week.” Section 4. “ When a member has obtained a loan, he shall pay at every regular…
1Opinion of the CourtBartol, C. J.
The appellees as members of the Building Association, the appellant, borrowed money from it and gave a mortgage in security. Afterwards they availed themselves of the privilege secured to them by the constitution of the company, of redeeming the property mortgaged, by repaying the money due to the Association; and the controversy in this case has arisen in ascertaining the true amount to be paid under the contract. The solution of the question turns upon the construction of the constitution of the company.
The several provisions of the constitution applicable to the case are sot out…
2Cited by5 opinions
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