Within the a supplemental cross-allege registered of the Organization may 28, 1948, they alleged you to to make the fresh new advancements of told you $six,3 hundred,000 so you’re able to Ammann since purported Conservator to have Connection, San francisco bay area Lender or other mix-defendants « were using wholly or perhaps in area, currency, financing, and property, which they know was basically belonging to, the house or property out of, and you will belonging to the Federal Financial Financial out of Los angeles [otherwise belonging to the stockholders] and this said money, fund and you can possessions was in fact gotten because of the cross-defendants from the deceptive and you will harmful seizure and you will confiscation out of said Los Angeles Bank * * *. »
Then light is actually forgotten to the various claims of the an argument out-of counsel to have Los angeles made in legal in the primary instance for the July 31, 1948. The guy stated:
An official holding of one’s Court are that investors regarding Association (Mallonee) have been estopped, given that Organization might be, away from difficult this new terms of Act, Home Owners’ Loan Operate out-of 1933, and therefore registered the newest Board in order to suggest the brand new fine print lower than and that good conservator ed, 332 You
« We [La Bank] is actually saying claims to the brand new $6,300,100000 worth of notes toward deposit on the registry of your courtroom, performed of the Ammann while the Conservator, and is also our point out that money familiar with make this type of finance, when you look at the higher part, was finance of the Los angeles Lender. »