Royal Loan Ass'n v. Forter

The opinion of the court was delivered by

Johnston, 0. J.:

The Royal Loan Association was a corporation organized under the laws of the state of Missouri, with' its principal office located in the city of St. Joseph. It organized a local board with a local secretary' and treasurer at Marysville, Kan. About *469August 14, 1895, Samuel Forter applied to John H. Cole, the local secretary and collector at Marysville, Kan., for a loan of $400. On his application he obtained the sum of $382.75, and he and his wife executed a bond and a mortgage on real estate at Marysville, Kan., to secure the payment of…