Crofton v. New South Building & Loan Ass'n
Mississippi Supreme Court
From tbe chancery court of Warren county. Hon. William C. Martin, Chancellor. The appellee, the New South Building & Loan Association, ■was the complainant in the court below; the appellants, Sarah Crofton and her sister, appellants, were defendants there. The appellants became the owners of fifty shares of “series B’' stock in appellee association, for which they paid the entrance fee of one dollar per share.
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From tbe chancery court of Warren county. Hon. William C. Martin, Chancellor. The appellee, the New South Building & Loan Association, ■was the complainant in the court below; the appellants, Sarah Crofton and her sister, appellants, were defendants there. The appellants became the owners of fifty shares of “series B’' stock in appellee association, for which they paid the entrance fee of one dollar per share. They then borrowed five thousand dollars from the association, and executed their promissory note therefor, May 30, 1895, maturing March 30, 1907. The note on its face bears six per…
1Opinion of the Court
Wiiitfiei/d, J.,
delivered the opinion of the court.
Critical and repeated examination of the testimony makes it impossible for us to concur in the finding of the chancellor that the trust deed should be reformed. The testimony falls far short of the convincing character of proof required for that purpose under our decisions.
It may be that the appellee’s agents thought the whole lot
That the quitclaim deed of November 21, 1896, generally not so intend. As to the usury, we have held in Sokoloski v. New South Building & Loan Association, opinion this day delivered by Brother Terral, that a fixed…
2Cases cited2 opinions
- American Freehold Land & Mortgage Co. v. JeffersonMississippi Supreme Court · 1892
- Dickerson v. ThomasMississippi Supreme Court · 1890
3Cited by3 opinions
- Chandler v. CookeMississippi Supreme Court · 1931
- Jefferson Standard Life Ins. v. DavisMississippi Supreme Court · 1935
- Denley v. Peoples Bank of IndianolaMississippi Supreme Court · 1989