Legal Opinion

Winegardner v. Equitable Loan Co.

Supreme Court of Iowa

Decided May 19, 1903PublishedCited by 2 opinions

Appeal from Marion District Court. — HoN. A. W. Wilkinson, Judge. ’ Action in equity to cancel a mortgage made by plaintiff to the Equitable Loan Company, and assigned to O. D. Hester. Decree as prayed, and Kester appeals.—

1Opinion of the CourtWeavee, J.

Under the date of April 1,1895, plaintiff subscribed for three shares, of $500 each, in the Equitable Loan Company, a corporation organized in this state, and received a certificate reciting, among other things, that in consideration of a sum of $6 per month to be paid until the maturity of the shares, estimated to require only one hundred and eight months, the company would pay the holder $1,500 on surrender of the stock. To this promise was added the following: “Provided, however it is expressly agreed between this company and said stockholder, that when these shares are one hundred and…

2Cases cited2 opinions

  1. King v. International Building, Loan & Investment UnionIllinois Supreme Court · 1897
  2. Sumrall v. Commercial Building Trust's AssigneeCourt of Appeals of Kentucky · 1899

3Cited by2 opinions

  1. Bohn v. Boone Building & Loan Ass'nSupreme Court of Iowa · 1907
  2. Hogsett v. Ætna Building & Loan Ass'nSupreme Court of Kansas · 1908

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