Allen Building & Loan Ass'n v. Barg

Per Curiam,

The Prothonotary of the Courts of Common Pleas of Philadelphia County, under authority of section 28 of the Act of February 24, 1806, 4 Sm. L. 278, entered judgment in favor of the appellant against the appellee for $1,400, on a collateral bond, authorizing confession of judgment. The bond, in its recital, set forth that the obligee building and loan association had granted a loan of $1,400 to one Lawson Samuels, secured by bond and mortgage and by the collateral assignment of ten shares of capital stock of the association, on the condition that Gus Barg, the present obligor,…