Iowa Deposit & Loan Co. v. Matthews
Supreme Court of Iowa
Appeal from Taylor District Court.— HoN. It. L. Pabrish, Judge. The plaintiff is a building and loan association, and brings tbis suit in equity to foreclose a mortgage executed to it by Matthews and wife to secure a loan of $600 made to Matthews. There was a judgment for the defendants, and the plaintiff appeals.
1Opinion of the Court
SherwiN, C. J.—
At-the time the loan was made, Matthews was the holder of five shares of the capital stock of the plaintiff, upon which he had agreed to pay the sum of sixty cents per share per month. He executed his note for $500, and agreed therein to pay the monthly dues on his stock, $3 per month as premium, and $2.50 per month as interest.. When suit was commenced, in March, 1901, the defendants were delinquent $27 for nine months’ dues, $27 for nine months’ premium, and $22.50 for nine months’ interest, making 'the total delinquencies $83.25. The withdrawal value of the stock was then…
2Cases cited8 opinions
- Reeve v. Ladies' Building Ass'nSupreme Court of Arkansas · 1892
- Smith, Twogood & Co. v. Coopers & ClarkeSupreme Court of Iowa · 1859
- Spinney v. MillerSupreme Court of Iowa · 1901
- Briggs v. Iowa Savings Loan Ass'nSupreme Court of Iowa · 1901
- Tilley v. American Bldg. & Loan Ass'nU.S. Circuit Court for the District of Western Arkansas · 1892
3 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- State Ex Rel. Turner v. Younker Brothers, Inc.Supreme Court of Iowa · 1973
- Lind v. O. N. Johnson Co.Supreme Court of Minnesota · 1938
- Iowa Business Men's Building & Loan Ass'n v. FitchSupreme Court of Iowa · 1909
- Le Mars Building & Loan Ass'n v. BurgessSupreme Court of Iowa · 1906
- Butson v. Home Savings & Trust Co.Supreme Court of Iowa · 1906
2 more not listed; retrieve them via the Exa API.