Home Savings & Loan Ass'n v. Rounds-Porter Lbr. Co.
Supreme Court of Oklahoma
Error from District Court, Tulsa County; N. E. McNeill, Judge. Actions by the Home Savings & Loan Association against J. W. Kennedy on note and mortgage and by the Rounds-Porter Lumber Company against J. W. Kennedy, the Home Savings & Loan Association, and others on debt for material. Actions consolidated, and judgment for the loan association against Kennedy, and for the lumber company against Kennedy and the loan association, and the latter brings error.
1Opinion of the CourtPitchford, J.
The Home Savings & Loan Association, with its principal place of business at Bartlesville, Okla., loaned to J. W. Kennedy $1,200. In order to borrow this sum, Kennedy subscribed for and purchased 12 shares of the capital stock of the association. A certificate was issued to him evidencing said shares. On the 15th day of May, 1914, there was executed by Kennedy a note for said sum, and to secure payment of said sum he assigned and pledged said shares of stock as collateral security; also executed a mortgage on lot 18, in block 2, of the city of Tulsa. The loan was negotiated through A. M.…
2Cases cited12 opinions
- Edinburgh American Land Mortgage Co. v. PeoplesSupreme Court of Alabama · 1893
- Land Mortgage Investment Agency Co. v. PrestonSupreme Court of Alabama · 1898
- Henken v. . SchwickerNew York Court of Appeals · 1903
- Malloy v. JohnsonSupreme Court of Oklahoma · 1914
- Lipman v. NoblitSupreme Court of Pennsylvania · 1900
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3Cited by5 opinions
- Kelley v. BryanSupreme Court of Oklahoma · 1961
- Turrell v. Continental Oil CompanySupreme Court of Oklahoma · 1970
- Cutright v. RicheySupreme Court of Oklahoma · 1952
- Brooks v. EdwardsSupreme Court of Oklahoma · 1924
- Protest of Chicago, R. I. & P. Ry. Co.Supreme Court of Oklahoma · 1932