Lindsay Et Ux. v. Chickasha Building Loan Ass'n.
Supreme Court of Oklahoma
Error from District Court, Grady County; Frank M. Bailey, Judge. Action by the Chickasha Building & Loan Association against J. D. Lindsay and wife to foreclose a mortgage and lien on stock. Judgment for plaintiff, and defendants bring error.
1Opinion of the Court
Opinion by
HARRISON, C.
In November, 1905, J. D. Lindsay, then a stockholder and member of the board of directors of the 'Chickasha Building & Loan Association, obtained a loan of $400 from said association and executed a note therefor, bearing 6 per cent, per annum, and as a bid for said loan executed a premium note for $540, bearing 8' per cent, per annum, and to secure the payment of said notes, and as part of the same transaction, executed a mortgage on certain lots in the city of Chickasha, and as additional security assigned a certain certificate of stock in said association for $1,000;…
2Cases cited9 opinions
- Reeve v. Ladies' Building Ass'nSupreme Court of Arkansas · 1892
- Southern Building & Loan Ass'n v. Anniston Loan & Trust Co.Supreme Court of Alabama · 1893
- Freeman v. Ottawa Building, Homestead & Savings Ass'nIllinois Supreme Court · 1885
- Andruss v. People's Building, Loan & Saving Ass'nCourt of Appeals for the Fifth Circuit · 1899
- Roberts v. American Building & Loan Ass'nSupreme Court of Arkansas · 1896
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3Cited by4 opinions
- Midland Savings & Loan Co. v. DeatonSupreme Court of Oklahoma · 1916
- Midland Savings & Loan Co. v. HendersonSupreme Court of Oklahoma · 1915
- Aetna Building & Loan Ass'n v. HarrisSupreme Court of Oklahoma · 1917
- Collings v. El Reno Bldg. & Loan Ass'nSupreme Court of Oklahoma · 1935