Atlanta Loan & Saving Co. v. Norton
Supreme Court of Georgia
The Court of Appeals certified the following questions (Case No. 10206); “1. Viewed in connection with the several excerpts from the charter, constitution, and by-laws of the Atlanta Loan and Saving Company, hereinafter quoted, is that company a ‘building and loan association’ or ‘a like association,’ within the meaning of the act of 1913, ‘to amend section 2878 of the Code of 1910,’ etc. (Ga.
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The Court of Appeals certified the following questions (Case No. 10206); “1. Viewed in connection with the several excerpts from the charter, constitution, and by-laws of the Atlanta Loan and Saving Company, hereinafter quoted, is that company a ‘building and loan association’ or ‘a like association,’ within the meaning of the act of 1913, ‘to amend section 2878 of the Code of 1910,’ etc. (Ga. L. 1913, p. 54) ? “2. If the terms of the act of 1913, supra, are broad enough to embrace the Atlanta Loan and Saving Company as ‘a like association,’ does the act fail of this effect because the…
1Opinion of the CourtBeck, P. J.
1. Section 2878 of the Code of 1910 reads as follows: “All building and loan associations, and other like associations doing business in this State, are authorized to lend money to persons not members thereof, nor -shareholders therein, at eight -per cent, or less, and to aggregate the principal and interest at the date of the loan for the entire period of the loan, and to divide the sum of the principal and the interest for the entire period of *809the loan into monthly or other installments, and to take security by mortgage with waiver of exemption, or title, or both, upon and to real estate…
2Cases cited3 opinions
- Cook v. Equitable Building & Loan Ass'nSupreme Court of Georgia · 1898
- Rooney v. Southern Building & Loan Ass'nSupreme Court of Georgia · 1904
- McIntosh v. Thomasville Real Estate & Improvement Co.Supreme Court of Georgia · 1912
3Cited by7 opinions
- Swofford v. First National Building & Loan Ass'nSupreme Court of Georgia · 1937
- Gore v. Industrial Loan & Savings Co.Court of Appeals of Georgia · 1936
- Atlanta Loan & Saving Co. v. NortonCourt of Appeals of Georgia · 1920
- Taylor v. Consolidated Loan & Savings Co.Court of Appeals of Georgia · 1931
- Benton v. CallawayCourt of Appeals for the Fifth Circuit · 1948
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