Towle v. American Bldg., Loan & Inv. Soc.
U.S. Circuit Court for the Northern District of Illnois
In Equity. Suit by Marcus M. Towle against the American Building, Loan & Investment Society. A receiver having been appointed by the court, a- petition has been filed by a receiver aft-erwards appointed by a state court, asking that this court’s receiver be required to surrender to him the assets of the corporation.
1Opinion of the Court
GBOSSGUP, District Judge.,
The original bill in this case discloses that the American Building, Loan & Investment Society ivas a corporation organized under the building and homestead acts of Illinois, with a capital stock of $50,000,000, divided into 500,000 shares of $100 each, of which 70,000 shares had already been issued to upwards of 7,000 shareholders; that npivards of $800,000 had been paid into the treasury of the society by the shareholders, of which $54,000 was deposited with the state officials of Massachusetts, and the balance has been loaned out on real-estate securities…
2Cases cited3 opinions
- Hawes v. OaklandSupreme Court of the United States · 1882
- Quincy, Missouri & Pacific Railroad v. HumphreysSupreme Court of the United States · 1892
- Sage v. Memphis & Little Rock RailroadSupreme Court of the United States · 1888
3Cited by20 opinions
- Jones v. Mutual Fidelity Co.District Court, D. Delaware · 1903
- Taylor v. Decatur Mineral & Land Co.U.S. Circuit Court for the District of Northern Alabama · 1901
- Ashton v. PenfieldSupreme Court of Missouri · 1911
- Lewis v. American Naval Stores Co.U.S. Circuit Court for the District of Eastern Louisiana · 1902
- Manship v. New South Building & Loan Ass'nU.S. Circuit Court for the District of Southern Mississippi · 1901
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