Western Savings Co. v. Houston
Oregon Supreme Court
From Baker: Robert Eakin, Judge. The defendants, A. A. Houston and wife, on May 31, 1893, executed to. the Home Building & Loan Company, a domestic corporation, their promissory note, whereby they agreed to pay to the company, at the maturity of four shares of the capital stock thereof, of which Houston was the owner, $800, with interest from date until paid at the rate of six per cent, per annum, to secure which they at the same time executed and delivered to said company…
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From Baker: Robert Eakin, Judge. The defendants, A. A. Houston and wife, on May 31, 1893, executed to. the Home Building & Loan Company, a domestic corporation, their promissory note, whereby they agreed to pay to the company, at the maturity of four shares of the capital stock thereof, of which Houston was the owner, $800, with interest from date until paid at the rate of six per cent, per annum, to secure which they at the same time executed and delivered to said company their mortgage upon certain real property in Baker County, whereby they covenanted and agreed to. pay the said sum of…
1Opinion of the CourtJustice Wolverton
1. The par value of each share of the capital stock of the Home Building & Loan Company is fixed at $200, and the subscriber to- the stock is required by the by-laws to pay 25 cents weekly per share, until the dues and profits apportioned to his holding equal the par value. This process matures the stock,.and thereupon the company is required *379to pay the sum thus acquired to the holder. If a member becomes a borrower, he is required to pay interest upon the amount of the loan at the rate of six per cent, per annum, payable weekly, and, in addition thereto', a weekly premium upon each share of…
2Cases cited6 opinions
- Washington Investment Ass'n v. StanleyOregon Supreme Court · 1901
- Strauss v. Carolina Inter-State Building & Loan Ass'nSupreme Court of North Carolina · 1895
- Fidelity Savings Ass'n v. SheaIdaho Supreme Court · 1899
- Randall v. National Building, Loan & Protective UnionNebraska Supreme Court · 1894
- Hale v. BarkerCalifornia Supreme Court · 1900
1 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Westman v. DyeCalifornia Supreme Court · 1931
- Groover v. Pacific Coast Sav. SocietyCalifornia Supreme Court · 1912
- Pacific States Savings, Loan & Bldg. Co. v. GreenCourt of Appeals for the Ninth Circuit · 1903
- Skinner v. Southern Home Building & Loan Ass'nSupreme Court of Florida · 1903
- Aetna Building & Loan Ass'n v. HarrisSupreme Court of Oklahoma · 1917
11 more not listed; retrieve them via the Exa API.