Wayne International Building & Loan Ass'n v. Skelton

—Action by appellee to compel the satisfaction of a mortgage executed by appellee to appellant. Upon a special finding of facts the court stated a conclusion of law in appellee’s favor.

February 1, 1894, appellant issued to appellee six shares of its stock, class A, of the par value of $100 each, promising, upon compliance with the by-laws (made part of the contract) and the payment of $1 each month, for sixty months (unless the stock should sooner mature), to pay the legal holder of the stock $100 for each share “whenever the monthly payments made in pursuance of this contract and an…