Rhodes v. Missouri Savings & Loan Co.
Illinois Supreme Court
Appeal from the Appellate Court for the Fourth District;—heard in that court on appeal from the Circuit Court of Madison county; the Hon. B. R. Burroughs, Judge, presiding. A bill in chancery was filed by appellee in the circuit court of Madison county to foreclose two mortgages given by appellants, T. B. Rhodes and Ellen Rhodes, his wife.
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Appeal from the Appellate Court for the Fourth District;—heard in that court on appeal from the Circuit Court of Madison county; the Hon. B. R. Burroughs, Judge, presiding. A bill in chancery was filed by appellee in the circuit court of Madison county to foreclose two mortgages given by appellants, T. B. Rhodes and Ellen Rhodes, his wife. Originally one mortgage, only, existed, which was given to secure an advance of §9000, and was executed May 3, 1893. Afterwards, on October 17, 1893, a portion of the premises described in this mortgage was released at the request of Rhodes, and an…
1Opinion of the CourtJustice Phillips
The principal error assigned by appellants, and one which embraces several other errors argued, is, that the defense of usury interposed by them should have been sustained by the circuit court. It may be conceded as a rule now fully and definitely settled in this State, that in the case of a building association organized under the act of the legislature of this State providing for the organization of homestead associations, for the purpose of loaning its funds only among its members, no interest, premium or fines accruing to it are usurious. The question has been fully settled in this State…
Also in this document: Per curiam.
2Cases cited7 opinions
- Pope v. HankeIllinois Supreme Court · 1894
- Meroney v. Atlanta Building & Loan Ass'nSupreme Court of North Carolina · 1895
- Williar v. Baltimore Butchers' Loan & Annuity Ass'nCourt of Appeals of Maryland · 1877
- Andrews v. PoeCourt of Appeals of Maryland · 1869
- Faulkner v. HymanMassachusetts Supreme Judicial Court · 1886
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3Cited by15 opinions
- Floyd v. National Loan & Investment Co.West Virginia Supreme Court · 1901
- People Ex Rel. Barrett v. Logan County Building & Loan Ass'nIllinois Supreme Court · 1938
- Middendorf v. GoodaleCourt of Appeals of Kentucky · 1923
- Davis v. Jointless Fire Brick Co.Court of Appeals for the Ninth Circuit · 1924
- Holt v. Aetna Bldg. Loan AssociationSupreme Court of Oklahoma · 1920
10 more not listed; retrieve them via the Exa API.