Minerva Sav & Tr Co. v. Lyder

We believe that this whole case rests upon the construction to be given the collateral agreement of March 29th, 1928. We further believe that the language used in pledging this stock should be interpreted in its ordinary legal meaning and that it is to be strictly construed.

“The general rules of construction apply in construing a contract of pledge, in accordance with which the rights and liabilities of the parties are, if possible, to be construed and enforced according to the intention of the parties as determined from the terms of the contract of pledge and the subject matter, and the…