Burns v. Equitable Building & Loan Ass'n

The Equitable Building and Loan Association brought suit against James A. Burns, in the city court of Atlanta, making by its petition substantially the following case: Defendant, as member of the association, is the owner of ten loan shares of stock in the plaintiff company. On November 28, 1894, he received a loan from plaintiff of $1,000 on said ■shares, and to secure the payment of the same he- hypothe■cated these shares with the association, and as further security *182executed his bond to the association in the penal sum of $2,-000, a copy of which is attached to the petition and made a part…