Legal Opinion

Henderson Building & Loan Ass'n v. Johnson

Court of Appeals of Kentucky

Decided February 2, 1889PublishedCited by 10 opinions

Case 32 — PETITION EQUITY — APPEAL PROM HENDERSON CIRCUIT COURT. 1. Section 8 of appellant’s charter is not in violation of any provision of the Constitution of the State.

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Case 32 — PETITION EQUITY — APPEAL PROM HENDERSON CIRCUIT COURT. 1. Section 8 of appellant’s charter is not in violation of any provision of the Constitution of the State. (Endlioh on Building Asso., secs. 18, 337,101, 117, 176, 329, 134, 92, 371; Patterson v. W. B. & L. Ass’ns., 14 Lea (Tenn.) 686-690; McLaughlin v. O. C. & L. Ass’ns, 62 Ind., 264; Forest City B. & L. Asso. v. Galligher, 25 Ohio, 212; Merrill, &c., v. McIntyre, 13 Gray, 157; Robertson v. A. N. Ass’ns, 10 Md., 397; Albany B. & L. Asso. v. Patterson, 63 Ga., 373; Clarksville B. & L. Asso. v. Stephens, 26 N. J., 351; H., B. &…

1Opinion of the Court

JUDGE PRYOB

delivered the opinion oe the court.

The question presented in this case involves the validity of section 8 of the appellant’s charter, in so far as it provides that “no dues, premiums, interest or fines that may accrue to the appellant in accordance with its charter, shall be deemed usurious, and the same may be collected as other debts, etc.” The appellee, Thos. L. Johnson, subscribed for nine shares of stock in the Henderson Building Association, of one hundred dollars each, to be paid for in weekly installments of twenty-five cents on each share. He discounted the shares to the…

2Cases cited6 opinions

  1. Williar v. Baltimore Butchers' Loan & Annuity Ass'nCourt of Appeals of Maryland · 1877
  2. Gordon v. Winchester Building & Accumulating Fund Ass'nCourt of Appeals of Kentucky · 1876
  3. Mechanics & Working Men's Mutual Savings Bank v. WilcoxSupreme Court of Connecticut · 1855
  4. Burlington Mutual Loan Ass'n v. HeiderSupreme Court of Iowa · 1880
  5. Herbert v. Kenton Building & Saving Ass'nCourt of Appeals of Kentucky · 1875

1 more not listed; retrieve them via the Exa API.

3Cited by10 opinions

  1. Commonwealth v. Kentucky Jockey ClubCourt of Appeals of Kentucky (pre-1976) · 1931
  2. Simpson v. Kentucky Citizens Building & Loan Ass'nCourt of Appeals of Kentucky · 1897
  3. People's Building & Loan Ass'n v. BillingMichigan Supreme Court · 1895
  4. Williams v. FosterCourt of Appeals of Texas · 1921
  5. United States Savings & Loan Co. v. HarrisU.S. Circuit Court for the District of Kentucky · 1902

5 more not listed; retrieve them via the Exa API.

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