International Building & Loan Ass'n v. Biering

BROWN, Associate Justice.

—In September, 1884, Charles Biering became the owner of seven shares, third series, of the stock of the defendant, International Building and Loan Association, and on March 1,1885, he borrowed from the association the sum of $700, for which he executed the following note:

“ $1400. San Antonio, Texas, March 1, 1885.

“ On or before the maturity of the third series of the stock of the International Building and Loan Association, I promise to pay to the order of the International Building and Loan Association, at its principal office in San Antonio, Texas, the sum of…