Case Name: BOSWORTH v. SUMTER REAL ESTATE CO.
Court: Supreme Court of Georgia
Jurisdiction: Georgia
Decision Date: 1896-11-30
Citations: 100 Ga. 60
Docket Number: 
Parties: BOSWORTH v. SUMTER REAL ESTATE CO.
Judges: 
Reporter: Georgia Reports
Volume: 100
Pages: 60–60

Head Matter:
BOSWORTH v. SUMTER REAL ESTATE CO.
Submitted June 15,
Decided November 30, 1896.
Ctomplaint for land. Before; Judge Eish. Sumter superior court. ' May term, 1895.
Allen Fort and J. E. D. Shipp, for plaintiff in error.
J. H. Lumpkin, contra.

Opinion:
Lumpkin, J.
The essence of the building and loan association, principle is mutual participation in the profits and losses on terms of perfect equality, each member having, under the same conditions, the rights and obligations of every other member. This principle was exemplified and carried out in the transaction involved in the present case, and it follows as a consequence that the debt in question was not usurious.
Judgment affirmed.