Roberts v. American Building & Loan Ass'n
Supreme Court of Arkansas
Appeals from Carroll Circuit Court in Chancery, Western District. Edward S. McDaniel, Judge. STATEMENT BY THE COURT. The appellee brought this suit to foreclose a .mortgage which was given to secure the following note, to-wit: “$2000.00 Minneapolis, Minn., Dec. 11th, 1888. Por value received, on or before nine years from date, I promise to pay to the order of the American Building & Loan Association, at its home office in Minneapolis, Minnesota, the sum of two thousand…
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Appeals from Carroll Circuit Court in Chancery, Western District. Edward S. McDaniel, Judge. STATEMENT BY THE COURT. The appellee brought this suit to foreclose a .mortgage which was given to secure the following note, to-wit: “$2000.00 Minneapolis, Minn., Dec. 11th, 1888. Por value received, on or before nine years from date, I promise to pay to the order of the American Building & Loan Association, at its home office in Minneapolis, Minnesota, the sum of two thousand dollars, with interest at the rate of six per cent, per annum on the sum of one thousand dollars, payable monthly. It is…
1Opinion of the Court
Wood, J.,
(after stating the facts). 1. The appellee was duly incorporated under the laws of Minnesota. Its articles of incorporation and by-laws, which were in evidence, show that it is a mutual building and loan association, having the same plan or scheme as that in general use by such associations. Por a description of such associations, see note by Preeman in 69 Am. Dec. 151. The purpose of this association was to exact of appellant an obligation equal to the advancement which it had made her, together with the premium which she had bid for same, the whole amount being equal to the par…
2Cases cited6 opinions
- Robertson v. American Homestead Ass'nCourt of Appeals of Maryland · 1857
- Lincoln Building & Saving Ass'n v. GrahamNebraska Supreme Court · 1878
- Shannon v. Howard Mutual Building Ass'nCourt of Appeals of Maryland · 1872
- Occidental Building & Loan Ass'n v. SullivanCalifornia Supreme Court · 1882
- Ocmulgee Building & Loan Ass'n v. ThomsonSupreme Court of Georgia · 1874
1 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Midland Savings & Loan Co. v. HendersonSupreme Court of Oklahoma · 1915
- Hale v. PhillipsSupreme Court of Arkansas · 1900
- Black v. TompkinsSupreme Court of Arkansas · 1897
- Gate City Building & Loan Ass'n v. FrisbySupreme Court of Arkansas · 1928
- Lindsay Et Ux. v. Chickasha Building Loan Ass'n.Supreme Court of Oklahoma · 1913
3 more not listed; retrieve them via the Exa API.