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STATE v. COMMUNITY FINANCE & THRIFT CORPORATION

No. 10740.

334 S.W.2d 559 (1960)

STATE of Texas v. COMMUNITY FINANCE & THRIFT CORPORATION.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied April 27, 1960.

Attorney(s) appearing for the Case

Will Wilson, Atty. Gen., Fred B. Werkenthin and R. V. Loftin, Jr., Asst. Attys. Gen., for appellant.

Joseph H. Louis, Wilmington, Delaware, McGown, Godfrey, Logan & Decker, John B. McClane, Fort Worth, for appellee.

GRAY, Justice.

The State of Texas, through the Attorney General acting under Art. 4646b, Vernon's Ann.Civ.St., brought this suit against Community Finance and Thrift Corporation and alleged that the defendant corporation was engaged in the business of habitually loaning money and charging usurious interest therefor. A permanent injunction restraining the defendant corporation from collecting, contracting for or attempting to collect usurious interest was prayed for...

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