State v. Tuscaloosa Building & Loan Ass'n

On Rehearing.

KNIGHT, Justice.

We have given most careful consideration to appellee’s motion for a rehearing in this cause, and to the very elaborate brief filed by its counsel in support of the same. This further consideration but convinces us that the conclusions heretofore reached in the case are sound, and supported by the great weight of authority.

Counsel for appellee, among other things, strenuously insist that we are in error in the opinion filed, in which we said with reference to the status of the “guarantee stock”: “While it appears that the association issued and had outstanding six…