International Building & Loan Ass'n v. Radebaugh
Indiana Supreme Court
Erom Blackford Circuit Court; E. C. Vaughn, Judge. Action by the International Building and Loan Association against Jonas P. Radebaugh and others.to foreclose a mortgage. Erom a judgment for defendants, plaintiff appeals. Transferred from Appellate Court, under §1337u Burns 1901.
1Opinion of the CourtMonks, J.
— Appellant, a building and loan association organized under the laws of this State, sued appellees upon a contract for the payment of money, and to foreclose a mortgage on real estate given to secure said contract. A trial of said cause resulted in a judgment in favor of appellees. The contract and mortgage were executed May 28, 1891, to secure a loan of $3,000 to a shareholder of appellant. Thirty shares of stock in appellant association were also assigned to appellant as collateral security for said loan. At the time the loan was made by appellant, the statute, §6, Acts 1885, p. 83,…
2Cases cited1 opinion
- Cleveland, Cincinnati, Chicago & St. Louis Railway Co. v. Town of WaynetownIndiana Supreme Court · 1899