Peter's Building Ass'n, No. 5 v. Jaecksch
Court of Appeals of Maryland
Appeal from tbe Circuit Court of Baltimore City. It appears from tbe proceedings in this case, wbicb was consolidated in tbe Court below witb tbe case of the appellant against Alois Kuspert and wife, that on the 1st of April, 1871, Alois Kuspert and wife, joint owners of property in tbe city of Baltimore, executed to Tbe Peter’s Building Association, No. 5, of Baltimore City, of which association Kuspert was a member and a subscriber to seventeen shares of its stock, a…
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Appeal from tbe Circuit Court of Baltimore City. It appears from tbe proceedings in this case, wbicb was consolidated in tbe Court below witb tbe case of the appellant against Alois Kuspert and wife, that on the 1st of April, 1871, Alois Kuspert and wife, joint owners of property in tbe city of Baltimore, executed to Tbe Peter’s Building Association, No. 5, of Baltimore City, of which association Kuspert was a member and a subscriber to seventeen shares of its stock, a mortgage of their property to secure to it the payment of the sum of two thousand five hundred and fifty dollars, advanced to…
1Opinion of the CourtAlvey, J.
The articles of association of the appellant are exceedingly meagre, and the by-laws, if any, are not disclosed by the record. Enough appears, however, to enable us to say that the plan of the organization was of a mutual character, and intended to be in accordance with the general incorporation law of the State, found in the 26th Article of the Code, secs. 84 to 88, inclusive, as enacted by the Act of 1868, ch. 471.
Alois Kusbert, one of the mortgagors in the mortgage to the appellant, dated the 1st of April, 1871, was a shareholder and a member of the association; and the mortgage was…
2Cases cited2 opinions
- Low Street Building Ass'n, No. 6 ex rel. Hennighausen v. ZuckerCourt of Appeals of Maryland · 1878
- Windsor v. BandelCourt of Appeals of Maryland · 1874
3Cited by11 opinions
- Waverly Mutual & Permanent Land, Loan & Building Ass'n v. BuckCourt of Appeals of Maryland · 1885
- People's Building & Loan Ass'n v. McPhilamyMississippi Supreme Court · 1902
- Geiger v. Eighth German Building Ass'nCourt of Appeals of Maryland · 1882
- Washington National Building & Loan Ass'n v. AndrewsCourt of Appeals of Maryland · 1902
- Globe Building & Loan Co.'s Assignee v. WoodCourt of Appeals of Kentucky · 1901
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