Pfeister v. Wheeling Building Ass'n
West Virginia Supreme Court
Appeal from and supersedeas to a decree of the circuit court of the county of Brooke, rendered on the 14th day of March, 1877, in a cause in said court then pending, wherein John Pfeister was plaintiff, and The Wheeling Building Association and others were defendants, allowed upon the petition of said Pfeister. Hon. Thayer Melvin, judge of the first judicial circuit, rendered the decree appealed from.
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Appeal from and supersedeas to a decree of the circuit court of the county of Brooke, rendered on the 14th day of March, 1877, in a cause in said court then pending, wherein John Pfeister was plaintiff, and The Wheeling Building Association and others were defendants, allowed upon the petition of said Pfeister. Hon. Thayer Melvin, judge of the first judicial circuit, rendered the decree appealed from. Green, Judge, furnishes the following statement of the ease: Franciska Conrad was a member of the Wheeling Building Association, a corporation organized under the laws of West Virginia in…
1Judgment of the CourtGeeen, Judge
Before the passage of any act for the incorporation of building and homestead associations they could be formed and were formed as voluntary associations of parties desiring by concerted action to raise money by small payments and accumulate it till such time, as enough had been accumulated to enable each member to build himself a dwelling-house and thus acquire a home.
The first thing, which would occur to those engaged in such enterprise, would be, that each member should at stated short intervals, say of a week or month, pay into the common treasury a small fixed sum, which they would call…
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