Assignee of Savings Bank v. Grand Lodge

Opinion by

Judge Hines:

In December, 1877, A. G. Hodges, who was then the grand treasurer of appellee, The Grand Lodge of Kentucky, Masons, in writing informed the Grand Master that it was necessary to borrow $2,000 or $3,000 to meet the ordinary expenses of the late Grand Lodge, that he could borrow the money by depositing as collateral security Masonic Temple stock belonging to the Grand Lodge, and asked his, the Grand Master’s, consent that this be done. The latter in reply stated that as the treasury was empty he saw no other means of meeting the present demands, and so far as he could…