COOPER v. CHEROKEE VILLAGE DEVELOPMENT CO.

No. 5-2921.

364 S.W.2d 158 (1963)

John A. COOPER, Jr., Appellant, v. CHEROKEE VILLAGE DEVELOPMENT CO., Inc., and Northern Financial Corp., Appellees.

Supreme Court of Arkansas.

January 28, 1963.


Attorney(s) appearing for the Case

Harry L. Ponder, Walnut Ridge, for appellant.

Herschel H. Friday, Jr., Little Rock, John Mac Smith, West Memphis, for appellees.


HOLT, Justice.

Appellant seeks to have a financing or loan agreement between the appellees declared usurious and, therefore, invalid pursuant to the provisions of Article 19, § 13 of the Constitution of the State of Arkansas. He asks that any existing indebtedness under such contract be cancelled and forfeited and that a permanent injunction be issued against appellees.

Appellee, Cherokee Village Development Company, Inc. [hereafter referred to as Cherokee...

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