Supreme Court of Iowa October 8, 1898 (Hawkeye State Savings & Loan Ass'n v. Johnston)

Deemer, O. J.

Appellee is a building and loan association, organized in the year 1894, under the then existing laws. Appellant became a member of the association, and in the year 1895 borrowed the sum of one thousand two hundred dollars, agreeing to pay twenty dollars and forty cents per month until the installments so paid, together with the profits on twelve shares of stock, should equal the