Betz v. Tower Savings Bank

In their amended complaint in this action, plaintiffs alleged the corporate existence of the two defendants first named in the caption of the action, and that the third defendant, John Bjorklund, was the regularly elected sheriff of Pierce county. Plaintiffs then alleged that, during the month of May, 1930, they were the owners of a tract of land in Tacoma, upon a portion of which stood the “Betz Building;” that the land was reasonably worth $125,000, and that defendant Tower Savings Bank (hereinafter referred to as the bank) loaned plaintiffs $42,000, accepting as security therefor a…