Green v. Second Allegheny Building Ass'n

Opinion by

Mr. Justice Simpson,

On October 23, 1925, William E. Butler mortgaged a theatre property to the Second Allegheny Building Association as security for a loan of $25,000 then made by it to him, and at the same time gave to the Association his bond for that amount and transferred to it 125 shares of its stock as additional collateral for the loan. By the mortgage, he was required to pay to the Association dues at the rate of one dollar a month on each of the shares —in addition to interest on the loan and premiums and fines, if any — until the shares became worth $200 each, when their…