Sperling v. Euclid Building & Loan Ass'n

Parry, J.,

— This case is before us on rule for a decree for' the amount admitted by the answer to be due. The bill avers that the plain*488tiffs, as members of the defendant association, held shares in its fifth series, on which they made payments in full, amounting to $3400. That when the said shares reached the par value of $200 on March 9, 1930, they were declared matured, pursuant to a resolution of the board of directors, whereupon plaintiffs became entitled to receive from defendant the sum of $5000, the matured value of their shares. That upon maturity of the shares the association…