Tiley v. Grenada Building & Loan Ass'n

The appellee Building’ & Loan Association instituted suit against the appellants E. H. and Clara B. Tiley to recover on a note executed by them in the sum of four thousand dollars, which was to be paid on the building and loan installment plan by the borrowers, who were also stockholders in the association and shared in its profits. The note is in the following form, to-wit:

“Exhibit A to Declaration.

“Whereas, we as members of the G-renada Building & Loan Association, find the holder of forty shares of stock of the first series, have obtained a loan from said association to the full amount of…