U.S. Circuit Court for the District of Kentucky January 27, 1902 (United States Savings & Loan Co. v. Harris)

COCHRAN, District Judge.

Plaintiff is a Minnesota corporation, authorized to transact the business of a mutual building and loan association according to the usual plan of operating such institutions. July 30, 1892, defendants, residents of Kentucky, subscribed for 60 shares of stock, of par value of $100 each, to be paid for in monthly installments of 60 cents per share.