Carpenter v. Suffolk Franklin Savings Bank

The plaintiffs appeal from an interlocutory decree of the Superior Court sustaining the defendant’s demurrer and from a final decree "dismissing the plaintiffs’ bill in equity for declaratory relief. The bill was brought by the plaintiffs on their own behalf and for members of a class similarly situated. The essential allegations in the plaintiffs’ bill were that they own real property within the city of Boston which is mortgaged to the defendant (bank) as security for loans by the bank; that the mortgages require the mortgagors to make monthly payments to the bank of one-twelfth of the…