HERGET, Judge.
On February 7, 1955 suit was instituted by Friendly Loans, Incorporated, alleging that it was duly qualified to do business under the Small Loan Law, LSA-R.S. 6:571 et seq. and that the defendant had executed a promissory note payable to plaintiff in the sum of $300 together with interest at the rate of 3½% per month from July 11, 1953 on that part of the unpaid principal balance not in excess of $150 and with interest at the rate of 2½% per...
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