...or a different method of bidding. SECTION 11. For every loan made a non-ne- Notes, or bond gotiable note, or bond, secured by mortgage upon real estate,...situated in the county where such association is located, and unincumbered except by prior loans of such association, shall be given, accompanied by a transfer...

...the money in the treas< ury shall be offered for loan in open meeting, and the member who shall bid the highest premium for the preference or priority...association heretofore organized may make loans upon reel estate situated outside of the county where such association is located if authorized thereto...

...2014-5 stats. 1898 provides in effect, amjong other things, that "for every loan made, a non-nego liable note or bond secured by mortgage upon real estate...situated in the county where such association is located sball be given." This provision in effect limits the business of the association to the county in which...

...Milwaukee" in said state." Sec. 2014-5 stats. 185)8 provides in effect, ainong other things, dial, ''for every loan made, a non-negotiable note- or bond...situated in the county where such association is located shall be given." This provision in effect limits the business of (lie association to the county in...

...not usurious. Boleman vs. Cit. L. & B. Asso., 114 Wis. 217.] Mortgages; pledges. SECTION 2014 — 5. For every loan made a non-negotiable note or bond,...association heretofore organized may make loans upon real estate situated outside of the county where such association is located if authorized thereto...

...that : "No stock certificates shall be issued." Section 2014-5 of the statutes is in part as follows : "For every loan made a non-negotiable note or bond,...pledge to the association of the shares borrowed upon." Section 2014-7 provides that, whenever the borrower shall be six months in arrears in the payment of...

...exceeding 36 monthly instalments. SECTION 4. 21"). 15 of the statutes is amended to read: 215.15 (1) For every loan made a nonnegotiable note or bond,...secured by mortgage upon real estate situated in the state of Wisconsin, in the county where such association is located, or within a radius of not to exceed...

...instalments during the existence of the loan as the by-laws may prescribe. * * * Section 2014 — 5. For every loan made a nonnegotiable note or bond,...pledge to the association of the shares borrowed upon. Such pledge of stock shall be evidenced by the assignment to the association and surrender of the stuck...

...or bond secured by mortgage upon real estate situated in the state of Wisconsin * * * unencumbered except by prior loans of such association shall be...pledge to the association of the shares borrowed upon." The security for the loan would have to be based upon the 99-year lease of the lands in question. This...

...borrowed upon." The language above quoted is unequivocal and must be taken to mean what it says, viz., for every loan made a nonnegotiable note or bond secured by mortgage upon real estate unencumbered except by prior loans of such association shall be given. This means that the mortgage...