Swift v. Allegheny Building & Loan Ass'n
Swift v. Allegheny Building & Loan Ass'n
Opinion of the Court
delivered the opinion of the court, “May 29th 1876.
The scire facias recites that the mortgage was to secure a bond conditioned for the payment of $600, “with interest thereon payable on the third Friday of each and every month thereafter, together with the monthly dues on three shares of the capital stock of the association aforesaid, now owned by the said William Swift, and such fines as might be imposed thereon under the constitution and by-laws of the association aforesaid, with a proviso that if. at any time default be made, and six consecutive months are suffered to .elapse without paying up all instalments of interest and monthly dues on said stock, and all fines for non-payment thereof as aforesaid, or any or either of them, then and in such case the credit given on said principal sum shall cease and determine, and the same with the interest, the monthly dues and the fines for the non-payment thereof, shall be taken as due and payable and may be recovered forthwith.” The only averment of a breach of
Judgment reversed and procedendo awarded.
Reference
- Full Case Name
- Swift et ux. versus The Allegheny Building and Loan Association
- Status
- Published