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FEDERAL HOME LOAN, ETC. v. SUPERIOR COURT, ETC.

No. CIV 80-490 PHX CLH.

494 F.Supp. 924 (1980)

FEDERAL HOME LOAN BANK BOARD, Washington, D. C., Plaintiff, v. SUPERIOR COURT OF the STATE OF ARIZONA In and For the COUNTY OF MARICOPA The Honorable Marilyn A. Riddel of the Superior Court of the State of Arizona in and for the County of Maricopa First Federal Savings and Loan Association Phoenix, Arizona Hugh Knoell Builders, Inc., Phoenix, Arizona, Defendants.

United States District Court, D. Arizona.

August 1, 1980.

Attorney(s) appearing for the Case

Harvey Simon, Associate Gen. Counsel, Michael E. Seabolt, Paul W. Grace and Jeffrey M. Werthan, Trial Attys., Federal Home Loan Bank Bd., Washington, D. C., for plaintiff.

Marvin Johnson and John P. Otto, Phoenix, Ariz., for defendant Hugh Knoell Builders, Inc., who was the real party in interest.

Ronald H. Moore, Phoenix, Ariz., for defendant First Federal Sav. and Loan Ass'n.

HARDY, District Judge.

The findings of fact and conclusions of law in this memorandum shall constitute the findings and conclusions required by Rule 52(a), Rules of Civil Procedure.

The Federal Home Loan Bank Board is an independent agency of the Executive Branch of the United States which was established pursuant to 12 U.S.C. § 1437. It is authorized, "under such rules and regulations as it may prescribe, to provide for the organization, incorporation...

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