Citations
- 49 F. Supp. 777
Full opinion text
ATWELL, District Judge.
The plaintiff and the defendant were organized under the Federal Farm Loan Act, 12 U.S.C.A. § 641 et seq. the first as a national Farm Loan Association, hereinafter called, “Association,” and the second as a Federal Land Bank, hereinafter called, “Bank.”
The Association is located at Miles, Texas; the Bank at Houston, Texas, about four hundred miles apart. Each was created shortly after the Act was passed. The Association functions in the counties of Runnells, Concho, Tom Green, and Coke, which counties are contiguous and convenient to the town of Miles.
At the time of the institution of the suit, approximately two hundred and seventy-six loans on farm and ranch lands in said counties, aggregating an unpaid balance of $577,036.41, were outstanding. Said loans had been made on applications of the borrower-members of the Association and made by