Myers v. Isern

The opinion of the court was delivered by

DawsoN, C. J.:

This was an action to recover $2,500 as the alleged value of thirty shares of installment stock in a building and loan association which were canceled when the mortgage loan to which the stock was incidental was paid off.

The pertinent facts must be stated at some length. Early in January, 1926, plaintiff Myers owned a house and a parcel of ground in Lyons. About that time (the dates in the abstract are confusing) he borrowed $2,500 from the Railroad Building, Loan and Savings Association, of Newton; and in accordance with the usual…