REAMS v. COMMUNITY FINANCE & THRIFT CORP.

No. 15209.

236 S.W.2d 185 (1951)

REAMS et ux. v. COMMUNITY FINANCE & THRIFT CORP.

Court of Civil Appeals of Texas, Fort Worth.

January 12, 1951.


Attorney(s) appearing for the Case

H. J. Loe, Fort Worth, for appellants.

McGown, McGown, Godfrey & Logan, Fort Worth, for appellee.

Shank, Dedman & Payne, Dallas, amici curiae.


CULVER, Justice.

The question in this case is whether or not the terms of the loan made by appellee to appellants were violative of the Constitutional provision inhibiting a rate of interest in excess of ten per cent per annum. Const. art. 16, sec. 11, Vernon's Ann.St. The facts are without dispute. In February, 1950, appellee corporation made a loan of $300 to appellants upon the execution of a note for the sum of $330, without interest, payable in twelve months...

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