Roberts v. Murray

In December, 1898, the defendant Mary A. Murray became a member of the Metropolitan Savings & Loan Association, incorporated under chapter 122, Laws of 1851, now in the hands of plaintiff as receiver. As such member there were issued to her sixty-two shares of class “A” stock. Under the by-laws of the association she was required to pay dues on this stock, amounting to $15.50 a month. Upon becoming a member she immediately made application to the association for a loan of $5,400. This application was granted. At the suggestion of some of the officers of the- association $4,240 of the amount…