Warner v. Mutual Building & Investment Co.

As this proceeding involves the constitutionality and construction of Sections 687 and 687-2, General Code (115 Ohio Laws, 3), they are set out at length:

Section 687: “If upon examination, the superintendent of building and loan associations finds that the affairs of a domestic building and loan association are in an unsound or unsafe condition, or that it is conducting its business in whole or in substantial part contrary to law, or failing to comply therewith, or that its affairs are not being conducted for the best interests of its depositors, shareholders or creditors, he may, with the…