Rowland v. Old Dominion Building & Loan Ass'n

Burwell, J.:

The defendant association is a corporation of the State of Virginia. Its home or principal office is in Richmond, in that State. It organized a branch of its business at Henderson, in this State, and there had what is styled a “ local board ” of officers or managers. One Noell, of Vance County, applied, through the local board, to the home office, for a loan of $1,000, on May 31, 1890, “ upon bond and mortgage of the property ” mentioned and described in his application. He stated in his said application that he understood he was to pay, if he secured the loan, the necessary…