Sundt v. Mutual Building Loan Ass'n of Las Vegas

The plaintiff, who is cross-appellant on this appeal, as the holder of twenty shares of the capital stock in the Mutual Building & Loan Association of Las Vegas, sought by complaint in the district court of San Miguel county to restrain the association as defendant from making a certain loan from Las Vegas Savings Bank. It appeared from the complaint that defendant, in anticipation of the collection of dues and interest owing to it, desired the proposed loan, which was.to be in the sum of $5,000, for three stated purposes, to wit: First, to meet promptly applications for withdrawals; second,…