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MARTINSON v. FEDERAL LAND BANK OF ST. PAUL

No. A2 88-31.

725 F.Supp. 469 (1988)

In re Glenn MARTINSON and Lorraine Martinson as husband and wife, on behalf of themselves and of others similarly situated, v. FEDERAL LAND BANK OF ST. PAUL, Larry Buegler in his capacity as President and Chief Executive of Federal Land Bank St. Paul, Robert Palmer in his capacity as Chief Executive Officer of Farm Credit Services of Grand Forks, Ross Olson in his capacity as Vice President of Special Accounts for Farm Credit Services of Grand Forks; and Bruce Bullinger in his capacity as Sales Officer for Farm Credit Services of Grand Forks.

United States District Court, D. North Dakota.

Order of Dismissal May 30, 1989.

Attorney(s) appearing for the Case

William A. Robbins, Duane G. Elness, Associate, Duane G. Elness, Cavalier, N.D., for plaintiffs.

Douglas A. Christensen, Grand Forks, N.D., for Federal Land Bank of St. Paul, Robert Palmer, Ross Olson and Bruce Bullinger.

Faegre & Benson, D. Charles MacDonald and James B. Loken, Gordon G. Busdicker, Minneapolis, Minn., for Larry Buegler, in his capacity as President and Chief Executive of Federal Land Bank St. Paul, plus all other defendants listed in caption.

WEBB, District Judge.

The Court is ready to rule on the motions before it.

First on the motion for the continuance of the Injunction. The Court finds that the Agricultural Credit Act of 1987 was broadly intended to serve the public interest by alleviating the financial crisis in agriculture through specific provisions intended to assist both agricultural lenders and borrowers. Section 108 of the Act is one specific...

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