Kellenberger v. Oskaloosa National Building, Loan & Investment Ass'n
Supreme Court of Iowa
Appeal from Mahaska District Court.— Hon. W. G. Clements, Judge. Action for balance alleged to be due plaintiff as tbe holder of certain shares in the defendant association. From judgment for $192.50, defendant appeals.—
1Opinion of the CourtLadd, J.
I. The defendant is a building and loan association, and as such, on March 2, 1899, issued forty-eight fully paid shares of stock to J. H. Kellenberger, who subsequently assigned them to the plaintiff. The certificates recited that the holder may withdraw from the association and receive $100 for each share surrendered, and such rate *584of interest as is named, in the articles of incorporation. Attached to each certificate were ten coupons, in which the association expressly promised to pay the amounts therein named, being interest at the rate of eight per cent, per annum on the stock. The…
2Cases cited2 opinions
- Teller v. WilcoxenSupreme Court of Iowa · 1900
- Synnott v. Iron Belt Building & Loan Ass'nU.S. Circuit Court for the District of Western Virginia · 1898