GRIFFIN SMITH, Chief Justice.
The Chancellor found that appellant's contracts with Winston G. Chandler were usurious, therefore unenforcible. We agree with this determination.
Act 111 became effective March 3, 1941, without the Governor's signature. It authorizes Industrial Loan Institutions and empowers the State Bank Commissioner to promulgate control rules and regulations.
Loan and investment companies were recognized by Act 354, of 1927, as amended...
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